ISLAMABAD: The particulars of a bailout package between the government of Pakistan and the International Monetary Fund (IMF) are likely to be announced on Monday, sources from the Finance Ministry informed ARY News.
As per details, the Pakistan-IMF talks, which are said to be in the final phase, resumed on Saturday (today) for a second day in Islamabad and would be carried out on Sunday as well, sources added.
The two sides had held talks in the federal capital on Friday, after which the Ministry of Finance claimed to have made “good progress” in their discussions. “Consultations will continue over the weekend,” it added.
The loan amount is expected to be around $6.5 billion for a three-year duration, while the interest rate will be increased by 200-basis point, as per sources.
