Pakistan and IMF discussing new multi-billion-dollar program, finance minister says

Pakistan's Finance Minister Muhammad Aurangzeb speaks during an interview with AFP at the Embassy of Pakistan in Washington, DC on April 15, 2024. Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program, its new finance minister told AFP on April 15, 2024.

"The market confidence, the market sentiment is in much, much better shape this fiscal year," said Aurangzeb, a former banker who took up his post last month."It's really for that purpose that, during the course of this week, we have initiated the discussion with the Fund to get into a larger and an extended program," he added.

"I do think that we will at least be requesting for a three year program," Aurangzeb said."Because that's what we need, as I see it, to help execute the structural reform agenda." "From our perspective it has to be an and-and discussion," Aurangzeb said when asked how the Sharif government plans to conduct its trading relationships with the world's two largest economies.

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