Pakistan Sees Big Inflows From World Lenders After IMF Deal.

ISLAMABAD -- Pakistan is expecting massive inflows from multilateral and bilateral sources following the deal with the International Monetary Fund (IMF) for next loan tranche that would improve the balance of payment situation of the country.

The coalition government is currently negotiating with the IMF to revive the loan programme, which was suspended in March this year when the previous government of PTI had announced subsidy on electricity and petroleum products and tax amnesty scheme for industrialists. The revival of IMF programme would not only release around one billion dollars for Pakistan but it would also pave the way for getting loans from other multilateral and bilateral sources.

'Currently, loan from World Bank, Asian Development Bank and Asian Infrastructure Investment Bank and others are in pipeline. However, all these depend on the revival of IMF programme,' said an official of the ministry of finance.

He further said that Pakistan and IMF have not reached an agreement yet and would likely to finalize it next week. The government had so far addressed the Fund's reservations over the annual budget 2022-23. Both the sides are currently negotiating on electricity sector and monetary side.

According to the estimates, Pakistan is expecting $9 billion from the World Bank and $8 billion from the Asian Development Bank. It is also projected to receive $2 billion from the Asian Infrastructure Investment Bank. Similarly, the Saudi Arabia had also agreed to give extension of its $3 billion, which are deposited in State Bank of Pakistan after the due date of end of December. Pakistan is expecting to receive $5 billion from the IMF in medium term. The government is expected that IMF would accept Pakistan's request to increase the loan volume by $2 billion to $8 billion and extend the programme by one year. The country had already received $3 billion from the Fund.

China had already helped Pakistan by giving $2.3 billion. The...