The IMF has expressed concerns about the PSDP projects report that Pakistan released, stating that all investment details are lacking.
The foreign lender has asked Pakistan to incorporate the location and development forms of the PSDP projects in the budget documents and to make them “effective.”
The IMF stated, citing sources, that the PSDP should be completed with the development initiatives in mind for the next budget.
Pakistan is expected to sign a new loan program with the International Monetary Fund (IMF) once the current one expires, according to information that surfaced on February 14.
According to the sources, Islamabad is anticipated to discuss budget ideas for FY-2024–25 with the International Monetary Fund and sign a three-year Extended Fund Facility agreement.
They said that prior to signing the new loan program, the IMF will receive guarantees of additional increases in gas and electricity rates as well as a refusal to impose economic burdens from subsidies.
