Unsatisfied with assurances from Saudi Arabia, United Arab Emirates, and China, IMF demanded a moratorium.
Pakistan is facing more difficulties to get 1.2 billion dollars from IMF, and officials of Ministry of Finance are worried about uncertain situation. No one knows how many billion dollars of foreign exchange Pakistan will have to show.
Pakistan has to repay another $3.7 billion in May and June and IMF has asked for a plan to repay it.
According to officials of Ministry of Finance, IMF has not told final amount yet, as the final amount is not known, and Ministry of Finance has not been able to tell its final demand to friendly countries. foreign exchange cooperation certificate of Pakistan is bound to be issued to friendly countries by meeting final demand.
How much more foreign exchange Pakistan has to collect, IMF officials are not saying. After finding out final amount only one condition of package will be fulfilled. IMF is yet to express final satisfaction on other terms as well.
By not expressing satisfaction with any part of list of conditions, Pakistan has been put in a precarious position. Saudi Arabia and the Emirates have so far pledged an additional $3 billion. There is no explanation of how much more foreign exchange will be received.
Pakistan has to repay another 3.7 billion dollars of debt in May and June and has to give an IMF plan for its repayment.