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Discussions with the IMF on preliminary estimates of the external financing of the economic team

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Discussions with the IMF on preliminary estimates of the external financing of the economic team

Lahore: The Government’s economic team is negotiating with the IMF on the initial estimate of external financing during the next financial year.

According to the sources, the economic team has made a preliminary estimate of external financing during the next financial year up to 22 billion dollars, the issuance of panda bonds during the next financial year is included in the share plan with’ the IMF.

Sources said that during the next financial year, the government has a plan to issue more than one and a half billion dollars of international sukuk bonds.

Apart from this, rolling over 12 billion dollars of debt from friendly countries is also part of the plan shared with the IMF, while more than 2 billion dollars are included in the inflow plan in a quarter of an hour and the last quarter of the current financial year.

Sources further say that the Panda Bonds will be issued in the first quarter of the next financial year, while fresh funding from the World Bank and Asian Development Bank is also included in the plan.

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