Islamabad : Sept. 12 ,2024: Pakistan ‘s Finance minister , Mohammad Aurangzeb , has said in a statement here that all lingering issues with International Monetary Funds (IMF) have settled down amicably and it will result in reaching an agreement with the fund for release of a bailout package in a few weeks. He thanked for this development to prime minister , Shahbaz Sharif , who, according to him , played a key role in reaching to an understanding with the fund for the agreement to release the bailout package. He said prime minister , Sharif Sharif , his team and IMF’s negotiation team played a vibrant role in reaching to an understanding with the fund for the long term package of $ 7 billion . The minister added that he was thankful to everyone who played a role in reaching to the understanding for release of the package for Pakistan . The minister claimed that the fund’s board will give final approval for release of the bailout package for Pakistan in its next meeting. Mr Mohammad Aurangzeb noted that Pakistan’s economy was heading for growth as a result of better economic policies of the government . He argued that with cut in the policy rate , Pakistan will witness rise in business and industrial activities. He said growth in economy will help Pakistan overcome bitting issues like unemployment and price hike. Pakistan had placed it’s case before IMF for a $ 7 billion bailout package in June last . The fund ‘s negotiating team also held detailed meetings with Pakistan’s economic team in July last in Islamabad . Islamabad hoped to get the bailout package from IMF in August . It , however , delayed for a few weeks which gave birth to uncertainty regarding approval of IMF package for Pakistan . IMF’s vague approach towards Islamabad is hurting its already fragile economy . However , now the Finance minister ‘s statement will remove doubts on the final agreement with IMF for the package which will help Pakistan attain economic stability. Meanwhile , IMF has issued a handout which said its board is meeting on September 25 to take up Pakistan’s case for $ 7 billion loan
