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Breaking News!! Caretaker government has raised the pension budget | Dunya News

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Pakistan has to satisfy the IMF on three counts, starting with a budget to be presented on Friday, before its board will review whether to release at least some of the $2.5 billion still to be disbursed under a lending programme that will expire at the end of this month, an IMF official said on Thursday.

Esther Perez Ruiz, the International Monetary Fund’s resident representative for Pakistan, said that there was only time for one last IMF board review before the scheduled end of the $6.5 billion Extended Fund Facility (EFF).

Pakistan has barely enough currency reserves to cover one month’s imports. It had hoped to have $1.1 billion of the funds released in November — but the IMF has insisted on a number of conditions being met before it makes any more disbursements.

“As communicated to the authorities, there can be one remaining Board meeting under the current EFF at end-June,” Perez Ruiz said in an email response to Reuters.



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