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.
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.
Pakistan’s economy, facing significant challenges, secured a $3 billion standby arrangement from the IMF last summer.
BYD released its 2024 financial report, with key indicators reaching record highs! The company achieved…
Eid in Dubai is a time of joy, celebration, and togetherness, bringing a unique blend…
Bangladesh and Pakistan have been working for wider and stronger bilateral ties between the countries.…
Bank Alfalah, one of Pakistan’s leading commercial banks, has introduced AlfaMall on WhatsApp, bringing a…
K-Electric (KE) has witnessed a positive industrial response to the Prime Minister’s Winter Demand Initiative,…
Karachi witnessed yet another devastating road accident as a speeding car struck a motorcycle on…
This website uses cookies.