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ISLAMABAD: The International Monetary Fund (IMF) has decided to send its review mission to Pakistan after the 2024 election, following the country’s assurance to impose new taxes.
IMF will continue further talks on the Standby Arrangement (SBA) program with the newly elected government of Pakistan after the highly anticipated general elections.
However, the IMF has not confirmed the schedule for conducting the second review. The last confirmation was made by the monetary fund in July 2023 which stated that the talks on the 2nd review will be held with the new government.
The International Monetary Fund has already made a $1.9 billion disbursement out of the total $3 billion under the nine-month Stand-By Arrangement (SBA).
Sources said that the newly elected government in Pakistan is expected to take full charge until the end of February 2024 after the general election.
It is important to note here that the International Monetary Fund Standby Arrangement (SBA) program is set to end on April 12, 2024. If the second review is conducted successfully then Pakistan will likely receive the last tranche of $1.1 billion in April 2024.
On January 17, Pakistan received a $700 million loan tranche from the International Monetary Fund (IMF) under the nine-month Stand-By Arrangement (SBA).
