Pakistan and IMF Talks Successful
Category
🗞
NewsTranscript
00:00We will start the bulletin. First of all, we will give you an important and good news.
00:04It is good news for the economy of Pakistan.
00:06There has been a staff level agreement between Pakistan and IMF.
00:09Negotiations between Pakistan and IMF have been successful.
00:12IMF has agreed to issue a loan program.
00:14Shoaib Nizami, please tell us about this.
00:16Yes, Pakistan's one-month commitment has been fulfilled.
00:20And it is good news for the economy.
00:22Before Eid, the Pakistani nation is getting Eidi.
00:24And negotiations between Pakistan and IMF have been successful.
00:27Which started on February 24.
00:29Negotiations were held in Pakistan till March 14.
00:32After that, the sessions were held online.
00:35And both the loan programs that Pakistan has tried for,
00:38Pakistan's $7 billion loan program for 37 months,
00:43$1 billion loan has been accepted.
00:46In addition, for the climate change,
00:48Pakistan has requested for a new program.
00:52Approximately $1.3 billion has been agreed for it.
00:56For Pakistan, approximately $2.2 billion will be expected.
01:04It will go to the executive board.
01:06After that, Pakistan will be able to get $2.2 billion.
01:11IMF has recommended the 18th working day.
01:14And IMF has said that Pakistan has achieved all the standards
01:17that were set by Pakistan.
01:19Especially the tax that has to be imposed on the income.
01:23All the governments have played their role in this.
01:27And this tax will be imposed from July 1, 2025.
01:31Along with this, IMF expects that in Pakistan,
01:34the rate of inflation will be low.
01:36The state bank will play its role in this.
01:38And the rate of inflation will be between 5% to 7%.
01:41The exchange rate in Pakistan will be according to the market.
01:45To reduce the public debt, a new scheme will be made.
01:49And the government will establish a system in the name of E-PATS.
01:52Similarly, the recovery in the prices of electricity in Pakistan will be brought.
01:57Economic reforms will be made to reduce them.
02:01The government has also recommended the Building Income Support Program.
02:07And it is expected that in the past 18 months,
02:11the economy of Pakistan has been able to meet international standards.
02:19This is important news for the Pakistani economy.
02:22A staff level agreement has been reached between Pakistan and the IMF.
02:25Negotiations between Pakistan and the IMF have been successful.
02:28The IMF has agreed to issue an aggregate for the loan program.