Pakistan and IMF discussing new multi-billion-dollar program, finance minister says
==========

Pakistan is in discussions with the IMF for a new multi-billion-dollar loan agreement to support its economic reform program. The finance minister aims for an extended program post the $3 billion deal. The government plans structural reforms, navigates US-China trade tensions, and emphasizes privatization drive. Pakistan is nearing the end of a nine-month, $3 billion loan program with the IMF. The country has begun negotiations for a new multi-year IMF loan program worth "billions" of dollars. The finance minister expects to request a three-year program to execute the structural reform agenda. Pakistan is balancing its trading relationships with the US and China, as it has close economic ties with both countries. The government plans to scale up its role in the trade war, similar to Vietnam. Pakistan is also in the middle of a privatization drive, with Pakistan International Airlines being the first state-owned enterprise on the list for privatization. The finance minister expects the privatization to be completed by the end of June.

#Pakistan #Imf #LoanAgreement #EconomicReform #StructuralReforms #UschinaTradeTensions #Privatization

https://m.economictimes.com/news/international/world-news/pakistan-and-imf-discussing-new-multi-billion-dollar-program-finance-minister-says/articleshow/109331922.cms