The International Monetary Fund (IMF) has set its executive board meeting schedule through September 18, 2024, and Pakistan is noticeably absent from the agenda. This is a concern for Pakistan as it urgently needs external funding to stabilize its economy. The scheduled meetings on September 9, 13, and 18 do not include the discussion of Pakistan’s 37-month Extended Fund Facility Arrangement (EFF) of about $7 billion, even though Pakistan and the IMF had previously reached an agreement on the loan programme in July.

Pl, subscribe to the YouTube channel of republicpolicy.com

The new loan programme, aimed at strengthening macroeconomic stability and promoting growth, needs validation by the Fund’s Executive Board. Meanwhile, the Pakistani government is reportedly seeking to secure a rollover of $12 billion in loans from key allies, such as China, Saudi Arabia, and the United Arab Emirates (UAE).