Pakistan’s ruling party, led by incarcerated former Prime Minister Imran Khan, has reportedly appealed to the International Monetary Fund (IMF) to take into account the country’s political stability in any future bailout discussions, according to sources familiar with Reuters.
The Pakistan Tehreek-e-Insaf (PTI) party, headed by Khan, has communicated its stance to the IMF via a formal letter, as confirmed by two senior sources within the party. However, further details regarding this communication are expected to be disclosed at a later time.
Responding to inquiries, the IMF stated that it has not yet received the letter from PTI, indicating that the matter is still pending.
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This development comes after recent reports that Khan’s aides intended to push for an independent audit of Pakistan’s contested February 8 elections before advancing discussions with the IMF. However, the IMF abstained from commenting on Pakistan’s political situation at that time.
Market analysts like Sohail Ahmed from Karachi-based Topline Securities downplayed the potential market impact of the letter, suggesting that the IMF would conduct its own assessment independently.
Pakistan’s economy, facing significant challenges, secured a $3 billion standby arrangement from the IMF last summer.