Pakistan will need no money after IMF’s $6 billion loanChristian Fernsby ▼ | October 1, 2019
Pakistan will have no need to go back to the IMF in the future once it receives the last loan programme of $6 billion from the global lender, governor of the State Bank of Pakistan has said.
Asia Reza Baqir
Topics: Pakistan IMF loan
“The goal is to have foreign exchange reserves that are sufficiently high and with that we will not go back to the IMF for another programme,” he was quoted as saying by ‘The Express Tribune’.
The IMF approved the latest 39-month-long loan programme in July, when the lender released the first tranche of $991.4 million of the total loan programme of $6 billion. ■