In Imran Khan\u2019s letter
\nPTI has sent a letter to the IMF detailing its position, say two senior sources in the party
\nislamabad
\nThe Pakistan Tehreek-e-Insaf (PTI), the party of jailed former prime minister Imran Khan, has asked the International Monetary Fund to factor in the country\u2019s political stability in any further bailout talks, two people familiar with the matter said on Wednesday.
\nThe PTI has sent a letter to the IMF detailing its position, two senior sources in the party said, adding more details would be made public in due course.
\nThe IMF has yet to receive the letter, the lender said in an email to Reuters.
\nLast week, the PTI founder Imran Khan decided to write a letter to the IMF urging it to call for an audit of the February 8 election before it continues talks with Islamabad.
\n\u201cImran Khan will issue a letter to the IMF today. The charter of IMF, EU, and other organizations stipulates that they can function or provide loans to a country only if there\u2019s good governance,\u201d the incarcerated PTI founder chairman\u2019s counsel Barrister Ali Zafar told reporters at the Adiala Jail last Thursday.
\nHe had said Imran will write a letter to the International Monetary Fund (IMF) today, in which the IMF will be asked to call upon the Government of Pakistan to conduct an audit of the rigged constituencies through an independent audit team.
\nLast week, the IMF declined to comment on the country\u2019s political situation after Imran\u2019s aides said they would urge the lender to call for an independent audit of Pakistan\u2019s disputed Feb 8 elections before engaging in further talks with Islamabad.
\nSohail Ahmed of Karachi-based Topline securities said the letter was unlikely to have a major market impact.
\n\u201cThe IMF will do its own due diligence,\u201d he said.
\nPakistan\u2019s cash-strapped economy is struggling to stabilise after securing a $3 billion standby arrangement from the IMF last summer, with record inflation, rupee devaluation and shrinking foreign reserves.
\nChina has rolled over a $2 billion loan to Pakistan, according to Ministry of Finance sources.
\nThe $2 billion loan was due in March and has been extended for one year, it said.
\nAnalysts say a new government \u2014 which PTI\u2019s opponents are expected to form \u2014 is likely to need more funds from the global lender after the standby arrangement expires in April.
\nImran, ousted in April 2022 in a parliament vote of confidence, was accused by opposition parties of scuttling an IMF deal under a $6 billion Extended Fund Facility days before leaving his office, a charge he denies.
\nAn IMF spokesperson said last week that it was focused on the completion of the standby programme but was available to support the post-election government through a new arrangement to address Pakistan\u2019s ongoing challenges if requested.<\/p>\n","protected":false},"excerpt":{"rendered":"
In Imran Khan\u2019s letter PTI has sent a letter to the IMF detailing its position, say two senior sources in the party islamabad The Pakistan Tehreek-e-Insaf (PTI), the party of jailed former prime minister Imran Khan, has asked the International Monetary Fund to factor in the country\u2019s political stability in any further bailout talks, two […]<\/p>\n","protected":false},"author":2,"featured_media":278571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-390317","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n