The Federal Minister of Finance and Revenue Ishaq Dar would ask the World Bank (WB) for an early release of cash and the International Monetary Fund (IMF) to relax the program’s rules.

Alongside the annual meeting, Ishaq Dar will meet representatives from the IMF and WB. He will also meet representatives of the global rating agency Moody’s and the IMF to examine the state of the economy and the loan programme.

According to Dawn, the discussions will also include participation from the Finance Secretary and the Governor of the State Bank of Pakistan (SBP).

At a press conference on Saturday, the minister firmly denied rumours that he will visit the Paris Club to reschedule loans from multilateral lenders and donor organisations.

The minister added that they had complied with the report of the most recent Moody’s credit rating in a hurry and that the ministry had provided its response in a press release.

The Prime Minister met with representatives from the World Bank and the International Monetary Fund last month on the UN sidelines to review the current flood situation and request relief in the programme terms, which they pledged to take favourably.