Pakistan-IMF Initial Talks for New Loan to End May 24: Official.

Pakistan and the International Monetary Fund (IMF) are concluding two weeks of initial talks for a new loan, with discussions focusing on proposals for the upcoming budget. Pakistan aims to reach a staff-level agreement with the IMF for a larger and longer loan by the end of June or early July. The loan is needed to bolster foreign reserves and provide room for economic growth in the face of high inflation. The budget has historically been used to implement IMF conditions, and the current program is expected to involve difficult decisions such as broadening the tax base and improving debt sustainability. [Extracted from the article]