PM Shehbaz Apne Govt Ka Budget Sa Na-khush | Dunya News

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“From our side, we have fulfilled all conditions,” he said at the Sabzara Sports Complex event in Lahore on Sunday. “Now, I hope that the IMF deal will be signed this month and as a result of this we will receive installments of billions of dollars. I am hopeful. But if it is delayed then hopefully I will give an address to you.”

Pakistan’s IMF programme runs out this month with about $2.5 billion in funds yet to be released as it struggles to strike an agreement with the lender, as it grapples with record inflation, fiscal imbalances and critical levels of reserves that cover barely a month worth of imports.

Bilateral creditors made up $37 billion of Pakistan’s debt in the fiscal year 2021, out of which $23 billion is owed to China, according to an IMF country report released last year.

In order to unlock funding under its long delayed 9th review, Pakistan is required to secure firm and credible financing commitments to close the $6 billion gap. The government has only been able to get commitments of $4 billion, mainly from Saudi Arabia and the United Arab Emirates.

The country has also rolled over debt from China as its reserves reach critical levels.

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