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IMF's visit to Pakistan postponed

ANI  |  Asia 

International Monetary Fund (IMF) mission's visit to for finalising a bailout package has been postponed until May.

"Both sides are still engaged in an intense conversation on the final details of that full agreement. So, the IMF mission is now more likely to visit in May, not April," a source, who did not want to be identified, told The Dawn.

Last month, Pakistan's Minister Asad Umar had announced that the mission would visit in April to sign an agreement.

However, the IMF, during spring meetings with Umar last week, had expressed its reservations over China's financial assistance to

The IMF has asked to share details of loans that it has received from It has also asked for a written guarantee from and that IMF assistance will not be used to repay loans to China, reported Express Tribune.

Besides these, the mission has also asked Islamabad to make State completely independent.

Notably, it will be the 14th package with the IMF, if released. The Imran Khan has professed that previous bailout packages could not be fully implemented owing to the conditions they came with.

Umar is expected to visit later this month to discuss the IMF's concerns over the Pakistan Economic Corridor (CPEC).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 15 2019. 09:22 IST