IMF says its mission will visit Pakistan this month to discuss new loan

The seal for the International Monetary Fund is seen near the World Bank headquarters (R) in Washington, DC on January 10, 2022. (AFP/File)
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Updated 05 May 2024
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IMF says its mission will visit Pakistan this month to discuss new loan

  • Pakistan last month completed a short-term $3 billion program, which helped stave off sovereign default
  • But the government of Prime Minister Shehbaz Sharif has stressed the need for a fresh, longer-term program

KARACHI: An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new program, the lender said on Sunday ahead of Islamabad beginning its annual budget-making process for the next financial year.
Pakistan last month completed a short-term $3 billion program, which helped stave off sovereign default, but the government of Prime Minister Shehbaz Sharif has stressed the need for a fresh, longer-term program.
“A mission is expected to visit Pakistan in May to discuss the FY25 budget, policies, and reforms under a potential new program for the welfare of all Pakistanis,” the IMF said in an emailed response to Reuters.
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.
The IMF did not specify the dates of the visit, nor the size or duration of the program.
“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.
Pakistan narrowly averted default last summer, and its $350 billion economy has stabilized after the completion of the last IMF program, with inflation coming down to around 17 percent in April from a record high 38 percent last May.
It is still dealing with a high fiscal shortfall and while it has controlled its external account deficit through import control mechanisms, it has come at the expense of stagnating growth, which is expected to be around 2 percent this year compared to negative growth last year.
Earlier, in an interview with Reuters, Finance Minister Muhammad Aurangzeb said the country hoped to agree the contours of a new IMF loan in May.
Pakistan is expected to seek at least $6 billion and request additional financing from the Fund under the Resilience and Sustainability Trust.


Pakistan opposition to hold protest today over jailed ex-PM Khan’s deteriorating eye condition

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Pakistan opposition to hold protest today over jailed ex-PM Khan’s deteriorating eye condition

  • A court-appointed lawyer this week visited Imran Khan at prison and recommended independent ophthalmology review of his right eye
  • Information Minister Attaullah Tarar said Khan party’s narrative has ‘fallen flat on its face’ after ex-PM voiced ‘satisfaction’ with facilities

ISLAMABAD: Pakistan’s opposition alliance has announced a sit-in outside the Parliament House in Islamabad today, Friday, over jailed former prime minister Imran Khan’s deteriorating eye condition, following a rare prison visit by a Supreme Court-appointed lawyer this week.

Barrister Salman Safdar, who was appointed ‘amicus curiae,’ or friend of the court, visited Khan at Rawalpindi’s Adiala jail on Feb. 10 and filed a detailed report on his living conditions and health, which was made public on Thursday.

The report stated that in view of the seriousness of Khan’s ocular condition, “it is imperative that the seriousness of the condition be independently ascertained without delay.” There was no immediate response from prison authorities on the findings.

The Tehreek-e-Tahafuz-e-Ayin-e-Pakistan opposition alliance late Thursday demanded that Khan be transferred to Al-Shifa Hospital and announced a sit-in outside parliament until the former prime minister is allowed treatment in the presence of his personal physicians.

“The sit-in will be held tomorrow,” Mahmood Khan Achakzai, the head of the opposition alliance, told reporters in Islamabad, adding that they will peacefully lay down all demands at the sit-in. “If, God forbids, something happens, then the government will be responsible for that.”

Khan, 73, has been in custody since August 2023 in connection with multiple cases that he and his party describe as politically motivated. The government denies the allegation.

Concerns about Khan’s health have resurfaced in recent weeks after authorities confirmed he had been briefly taken from prison to a hospital in Islamabad for an eye procedure. The government said at the time his condition was stable, while Khan’s family and his Pakistan Tehreek-e-Insaf (PTI) political party complained they had not been informed in advance and alleged he was being denied timely and independent medical access.

The issue was then taken up by the Supreme Court earlier this week, which tasked Safdar, who has represented Khan in the past, with visiting the ex-premier and submitting a written report.

According to a medical condition report from the Pakistan Institute of Medical Sciences (PIMS), dated Feb. 6, 2026 and referenced in Safdar’s court filing, Khan was diagnosed with “right central retinal vein occlusion” after reporting reduced vision in his right eye.

The report states that he underwent anti-VEGF intravitreal injection treatment at PIMS and was discharged with follow-up advice.

However, in his interaction with Safdar, Khan said he had experienced “rapid and substantial loss of vision over the preceding three months” and claimed his complaints had not been addressed promptly while in custody. He further stated that despite treatment, he had been left with “only 15 percent vision in his right eye.”

Safdar’s report notes that the former premier appeared “visibly perturbed and deeply distressed by the loss of vision and the absence of timely and specialized medical intervention.” The amicus also recommended that the Supreme Court consider directing involvement of Khan’s personal physicians or other specialists of his choice, warning that “any further delay poses a serious risk to the Petitioner’s well-being.”

Beyond medical concerns, the report addressed Khan’s confinement conditions, noting that he expressed “satisfaction regarding his safety and security within the cell-block,” as well as contentment with basic amenities and food provisions.

Responding to the report, Information Minister Attaullah Tarar rejected claims of mistreatment, saying the “narrative being propagated to international media” by Khan’s family had “fallen flat on its face.”

He said the prison report on Khan’s daily routine and diet had removed any ambiguity and maintained that all facilities were available to the former premier, who he said enjoyed privileges “more than any other prisoner.” His X post did not address the allegations on Khan’s health issues.