Pakistan’s economic delegation, spearheaded by Finance Minister Muhammad Aurangzeb, embarked on a journey to Washington on Sunday for crucial negotiations with the International Monetary Fund (IMF) regarding a prospective bailout initiative.
Scheduled for this week in Washington, the discussions between Pakistan and the IMF are poised to address the endorsement of a fresh loan program by the Fund. The primary ministerial deliberations and engagements are slated to unfold from April 17-19.
The itinerary of Finance Minister Aurangzeb and his team encompasses bilateral discussions with the leaders of the IMF and the World Bank, alongside high-ranking officials from various international financial establishments. Additionally, bilateral sessions are slated with finance ministers from friendly nations, including China, Saudi Arabia, UAE, and Turkey, all participants of the annual gathering.
In a recent media briefing, Finance Minister Muhammad Aurangzeb emphasized the forthcoming meeting with the IMF in Washington, aimed at delving into the specifics of the proposed bailout program. He underlined the government’s intent to engage in a substantial program with the IMF, geared towards ensuring macroeconomic stability.
