Tuesday, May 28, 2024

Letter Sent to IMF: Khan Urges IMF to Consider Pakistan’s Instability

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.

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Responding to inquiries, the IMF stated that it has not yet received the letter from PTI, indicating that the matter is still pending.

Read also: Pakistan Nears Completion of IMF Targets, Eyes Final Installment of $1.1 Billion

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.

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Pakistan's economy, facing significant challenges, secured a $3 billion standby arrangement from the IMF last summer.

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Zubair Yaqoob
Zubair Yaqoob
Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories.Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting.Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

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