Despite receiving confirmation from Saudi Arabia and the United Arab Emirates (UAE), the International Monetary Fund (IMF) has now asked Pakistan to arrange $8 billion in new loans to support external debt repayments over the next seven months in order for the long-stalled ninth review bailout package to be completed successfully.

Since November, a staff-level agreement to release a $1.1 billion tranche of a $6.5 billion IMF package has been postponed, with over 100 days passing since the previous staff-level deployment to Pakistan.

According to sources, the IMF has requested Pakistan to arrange $8.4 billion in new loans to ensure debt repayments from May to December 2023.

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