{"id":14842,"date":"2022-04-21T16:41:34","date_gmt":"2022-04-21T11:11:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/pak-imf-loan\/"},"modified":"2022-04-21T16:42:11","modified_gmt":"2022-04-21T11:12:11","slug":"pak-imf-loan","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pak-imf-loan\/","title":{"rendered":"New Pak Finance Minister leaves for talks with IMF officials for revival of USD 6 billion bailout package"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-215836121\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Islamabad, Apr 21 (PTI) Pakistan\u2019s newly-appointed Finance Minister Miftah Ismail on Thursday left for Washington to meet top IMF officials to renegotiate a USD 6 billion bailout package that was stalled by the previous Imran Khan regime.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3134904253\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Under the agreement signed in 2019, Pakistan would receive USD 6 billion for a period of 39 months, of which it has only received half the amount so far.<\/p>\n<p> Cash-strapped Pakistan is currently waiting on tenterhooks hoping that the international lender would resume talks on its seventh review, which was put on hold due to the political turmoil in the country.<\/p>\n<p> &#8220;I am off to Washington DC to try and put back on track our IMF program that PTI (Pakistan Tehreek-e-Insaf) and IK (Imran Khan) derailed,\u201d Ismail tweeted before his departure.<\/p><div class=\"trade-content_5\" id=\"trade-3279602864\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The finance minister said the previous government\u2019s decision has endangered Pakistan\u2019s economy.<\/p>\n<p> The meeting with the IMF officials will also be attended by Pakistan\u2019s Central Bank Governor Raza Baqir.<\/p>\n<p> If the seventh review is approved, the IMF will release over USD 900 million, which would be a welcome antidote for the country\u2019s sagging economy that is staring at plummeting forex reserves (USD 10.8 billion) and a current account deficit crisis, according to Geo Tv.<\/p>\n<p> The newly-formed Shehbaz Sharif government that took over this month also has to deal with spiralling inflation and an economy that simply refuses to rebound.<\/p>\n<p> In its latest report on Pakistan, IMF has predicted an annual growth of 4 per cent, against the country\u2019s central bank\u2019s estimates of around 4.8 per cent.  \t  \tOn Wednesday, Ismail in his first press conference as the country\u2019s finance minister said that the IMF had put forward a list of demands for the revival of the bailout package to be implemented.<\/p>\n<p> These include withdrawal of fuel subsidy, banishing the tax amnesty scheme, increasing power tariff and imposing additional taxation measures, the Geo TV report said.<\/p><div class=\"trade-content-10\" id=\"trade-592794868\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The subsidies on fuel and power were implemented by Khan, days before he was ousted from power, the report added.<\/p>\n<p> A rollback would be an arduous task for the present government, especially at a time when Pakistan\u2019s consumer inflation clocked at 12.7 per cent for the month of March.<\/p>\n<p> \u201cWe cannot let our fiscal and external financial position deteriorate further and have our development partners walk out. Tough choices need to be made,\u201d Ismail tweeted last week.<\/p>\n<p> After his meeting with IMF officials in Washington, Ismail will be travelling to London to meet Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif. PTI VM AKJ  VM<\/p>\n<div class=\"trade-after-content\" id=\"trade-85017575\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Islamabad, Apr 21 (PTI) Pakistan\u2019s newly-appointed Finance Minister Miftah Ismail on Thursday left for Washington to meet top IMF officials to renegotiate a USD 6 billion bailout package that was stalled by the previous Imran Khan regime. Under the agreement signed in 2019, Pakistan would receive USD 6 billion for a period of 39 months, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-14842","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Pak Finance Minister leaves for talks with IMF officials for revival of USD 6 billion bailout package - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/pak-imf-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Pak Finance Minister leaves for talks with IMF officials for revival of USD 6 billion bailout package\" \/>\n<meta property=\"og:description\" content=\"Islamabad, Apr 21 (PTI) Pakistan\u2019s newly-appointed Finance Minister Miftah Ismail on Thursday left for Washington to meet top IMF officials to renegotiate a USD 6 billion bailout package that was stalled by the previous Imran Khan regime. 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