IMF
Cash-strapped Pakistan is optimistic it can avoid a short-term default with all eyes on the International Monetary Fund (IMF) executive committee meeting, which is slated to take place tomorrow (Monday).
The government expects the Washington-based lender to resume the $6 billion rescue programme that has been halted for a month; nevertheless, a surge in the country’s assets may peter out amid rising political tensions.
When the board meets on Monday, according to Tellimer Limited and Natixis SA projections, Pakistan will be granted a loan, “paving the way for the release of $1.2 billion in immediate disbursements.”
