IMF getting confirmation .

IMF getting confirmation from Pakistan's creditors.

Islamabad:The IMF is getting confirmation from multilateral and bilateral creditors on all avenue's of external financing for moving towards the signing of Staff level Agreement (SLA).

"Without getting 200 percent confirmation on external financing from all possible avenue's, the SLA could not be struck.This has proved the most crucial issue, as all other tough measures have been implemented by Pakistani authorities.The agreement would be signed only after getting assurances from creditors," official sources confirmed while talking to the News Tuesday night.

An independent economist reminded that Greece had to secure confirmation on its external financing needs from the European union (EU) and other creditors in 2010 for signing the IMF agreement. Greece possessed a higher qouta, so it got more resources from the IMF. In Pakistan's case, there is a limited quota and Islamabad can only secure almost $3 billion from the IMF by the end of June 2023."There are some minor issues that remain unresolved, as both sides are reviewing nine tables of Memorandum of Economic and financial policies (MEFP) and full implementation of each and ever point will pave the way for the signing of SIA with Pakistan,"said the official.

When it would be done, the IMF would seek  assurances in writing from Minister for finance Ishaq Dar an the governor state Bank of Pakistan through a signed letter of Intent (LoI) for dispatching this document to the IMF's Executive Board for getting approval on completion of 9th review and release of $1 billion tranche under the $6.5 billion Extended fund facility (EFF).

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..........IMF getting confirmation from Pakistan's creditors....................... ...........