business

April 9, 2021

IMF projects Pakistan’s external financing needs at $23.6bln for FY22

ISLAMABAD: The International Monetary Fund estimated Pakistan’s gross external financing requirements at $23.6 billion for the next fiscal year of 2021/22 and that is down compared to an estimated $27 billion for the outgoing fiscal year.In a staff report on Thursday, the IMF further projected the available external financing at $24.9 billion for the upcoming fiscal year. Pakistani authorities have remained engaged with external creditors to secure financing to meet the extended fund...