Despite receiving confirmation from Saudi Arabia and the United Arab Emirates (UAE), the International Monetary Fund (IMF) has now asked Pakistan to arrange $8 billion in new loans to support external debt repayments over the next seven months in order to ensure that the long-stalled ninth review bailout package is successfully completed.

Since the latest staff deployment to Pakistan, more than 100 days have elapsed, and a staff-level choice to deliver a $1.1 billion tranche of an IMF loan package has been postponed since November.

IMF allegedly requested Pakistan to set up $8.4 billion in new loans to ensure debt repayments from May to December 2023.

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