{"id":3055,"date":"2023-06-01T14:51:57","date_gmt":"2023-06-01T09:51:57","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=3055"},"modified":"2023-06-01T14:51:57","modified_gmt":"2023-06-01T09:51:57","slug":"pakistans-decision-not-to-extend-the-current-imf-program-preparations-for-a-new-loan-agreement","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=3055","title":{"rendered":"Pakistan&#8217;s decision not to extend the current IMF program, preparations for a new loan agreement"},"content":{"rendered":"<p><strong>Islamabad: The government has started preparations to enter into a new loan agreement with the International Monetary Fund (IMF) while deciding not to expand the current IMF program.<\/strong><\/p>\n<p>According to details, the government has initiated preparations to take a new program through direct negotiations, as it will not seek an extension of the current loan program with the IMF, which is set to expire on June 30th.<\/p>\n<p>The Ministry of Finance has started preparations to enter into a new loan agreement with the IMF in August. Special Assistant to the Prime Minister, Tariq Bajwa, and the Finance Secretary are working on the new program.<\/p>\n<p>Sources say that Pakistan needs to make non-resident payments of around $9 to $11 billion by December, while the overall payment in the upcoming budget will be around $22 to $24 billion.<\/p>\n<p>According to sources in the Ministry of Finance, if a new agreement is not reached with the IMF, there will be an increased risk of default by October.<\/p>\n<p>The Ministry of Finance has stated that the new loan agreement will be tougher than the current program, and it will have a bailout program of more than three years with the IMF.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government has started preparations to enter into a new loan agreement with the International Monetary Fund (IMF) while deciding not to expand the current IMF program. According to details, the government has initiated preparations to take a new program through direct negotiations, as it will not seek an extension of the current loan [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3056,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"home-loop","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"bottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"0","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"0","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"no-crop","single_post_gallery_size":"crop-715"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"footnotes":""},"categories":[36,47,46],"tags":[887,62],"class_list":["post-3055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","category-important-news","category-latest","tag-imf-program","tag-pakistan"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/3055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3055"}],"version-history":[{"count":0,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/3055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/3056"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}