Prime Minister Shehbaz Sharif announced that an IMF delegation would visit Pakistan in two to three days to complete the ninth review of Pakistan’s $7 billion Extended Fund Facility (EFF). He made the remarks while speaking at the Hazara Electric Supply Company (HESC) inaugural ceremony in Islamabad.
Pakistan entered a $6 billion IMF programme in 2019, which was increased to $7bn last year. The programme’s ninth review, which would release $1.18bn, is currently pending. It had earlier been put off for two months due to the PML-N-led government’s unwillingness to accept certain conditions placed before it by the Fund. Prime Minister Shehbaz Sharif said he had spoken with International Monetary Fund (IMF) Managing Director Kristalina Georgieva last night (Thursday) regarding Pakistan’s agreements with the international money lender. The demand of the people of Hazara for a better electricity supply system, owned and supervised by the people, has been fulfilled, Prime Minister Shehbaz Sharif has said.
He has directed the authorities concerned to complete Sui Southern Gas Company (SSGC) projects that were left incomplete despite the availability of funds. The premier assured that the remaining necessary arrangements for the HESC would be completed as soon as possible.
