Finance Ministry officials have said that 2439 million interest has been paid to the IMF so far, more than 6.3 billion dollars to be repaid in three to five years.
A meeting of the Senate Economic Affairs Committee was held under the chairmanship of Senator Saifullah Abro, in which the details of IMF loans and interest were presented.
The Joint Secretary of Finance said in the briefing that the first program with the IMF was conducted in 1958, so far 21260 million SDRs have been borrowed from the IMF, the repayable loan has remained at 6369 million SDRs, 6.3 The debt of more than a billion dollars is to be repaid in three to five years.
Officials of the Ministry of Finance said that so far a total of 2439 million interest has been paid on the loan to the IMF, a total of 28 programs have been conducted with the IMF, 24 full-time and four one-time programs.
State Bank officials said that the full debt of the 2008 and 2010 programs has been repaid, both of which paid interest to the IMF at 1.58 percent, while the 2023 standby arrangement has an interest rate of 5.09 percent, from 2008 to 2023. 6 programs were conducted with the IMF.
6 programs were conducted with the IMF from 2008 to 2023. Kamil Ali Agha asked how much payments should be made to the IMF this year. The State Bank officials replied that we do not have these details yet and will let you know after finding out.
