Pakistan is likely to sign a fresh loan programme with the International Monetary Fund, after the completion of the current one, sources within the finance ministry said on Wednesday. Islamabad is expected to sign the Extended Fund Facility programme for three years and would share budget proposals for FY-2024-25 with the International Monetary Fund, the sources said.
They further said the IMF will be given assurances of further jacking up electricity and gas prices and shunning subsidies burden on the economy, before signing the new loan programme. The conditions for the new IMF loan programme would be ‘tougher’ as compared to the current SBA programme, finance ministry sources said.
