ISLAMABAD
The Ministry of Finance has said that the country needs to accomplish prior actions for the approval of the new tranche of $1 billion from the International Monetary Fund (IMF) board.
In a statement issued on Sunday, the ministry said, “As soon as the prior actions are completed by Pakistan, which the government is pushing hard, the IMF board will consider it for approval. The IMF board can move whenever our actions are completed.”
The ministry issued the statement in response to a news item published in a section of the press, wherein it was claimed that the government is in no hurry to pass the mini- budget before the IMF meeting, terming the report as misleading.
The ministry said the government has introduced both the bills (Supplementary Finance Bill 2021 and State Bank of Pakistan (SBP) Bill 2021) in the National Assembly.
“The IMF has moved the 6th tranche recommendation to its board for consideration on January 12, 2022,” the statement added.
