WASHINGTON: Following IMF’s approval of $ 7 billion EFF (on 25th Sept, 2024), at an interest rate of less than 5%, Pakistan will be getting the first tranche of $1.1 billion by Friday (27th Sept).
Commenting on the 3-year-program, MD of IMF Kristalina Georgieva stated: “We do have good news. We have completed the review of the programme successfully. I want to congratulate the government of Pakistan and the people of Pakistan for moving forward with the home-defined, Pakistan’s own reforms”.
PM Shehbaz Sharif, who is presently in the Big Apple to deliver a speech at UNGA, while appreciating the support extended by Saudi Arabia, China and the UAE, thanked the MD of IMF Kristalina Georgieva for the approval of Pakistan’s 25th IMF program.
Cynics go haywire wondering where all the money had gone since 1958 and why the citoyens of Pakistan have to pay 81 per cent of country’s revenue for internal/external debt servicing!
Newspakistan.tv
