The IMF did not specify the dates of the visit, nor the size or duration of the potential new programme.
Earlier, in an interview with Reuters, Pakistan's Finance Minister Muhammad Aurangzeb said the country hoped to agree the contours of a new IMF loan in May. / Photo: Reuters Archive
Pakistan last month completed a short-term $3 billion programme, which helped stave off sovereign default, but the government of Prime Minister Shehbaz Sharif has stressed the need for a fresh, longer term programme. Pakistan's financial year runs from July to June and its budget for fiscal year 2025, the first by Sharif's new government, has to be presented before June 30."Accelerating reforms now is more important than the size of the program, which will be guided by the package of reform and balance of payments needs," the IMF statement said.
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