Pakistan and IMF decide to resume talks
The government will hold talks with IMF officials in Washington tomorrow to announce the resumption of the IMF program from Pakistan. Sources
meanwhile It has been decided to resume talks between Pakistan and IMF officials. The resumption of IMF program from Pakistan will be announced regularly. ARY News reported quoting sources that talks between Pakistan and IMF are being resumed. In this regard, the government delegation will hold talks with officials in Washington tomorrow. Talks with IMF started from there. Where this series had stopped, a formal announcement would be made to resume the IMF program from Pakistan.
however Sources in the report also said that the talks will be attended by virtual figures, IMF talks will consider subsidies, amnesty scheme and new terms, IMF will decide to give one billion dollars installment to Pakistan. The IMF will also discuss the new government’s concerns.
On the other hand, the World Bank has released a report on Asian countries, which shows that Pakistan’s economic growth rate is likely to decline this year, Pakistan’s economic growth rate is expected to be 4.3 percent this year, last fiscal year. Pakistan’s economic growth rate has been 5.6%. Energy subsidy is a big challenge for Pakistan.
however According to the report, Russia is suffering from economic slowdown in South Asia due to Ukraine war. Also Growth in South Asia is forecast to be 6.6% this year. India will grow at 8%, Bangladesh at 6.4% and Maldives at 6.7%. Nepal is expected to have a growth rate of 3.7, Bhutan 4.4 and Sri Lanka 2.4.