Preparatory work provides justification for Pakistan seeking a bail-out package, sources said adding that the incoming government will have a maximum of two to three weeks after taking charge to decide whether to go for another IMF programme or not as the planned ''Diasporas Bonds'' may not mobilize sufficient foreign exchange to meet the country''s financing needs.
On condition of anonymity, sources added that the amount actually mobilized by dollar denominated ''Diasporas Bonds'' may be inadequate which would compel the PTI government to explore other options. They further stated that usually the decision on the amount to be mobilized through issuing bonds and the rate of returns offered on the bonds is taken subsequent to assessing market response.
The Ministry of Finance, the State Bank of Pakistan (SBP), the Federal Board of Revenue (FBR), the Economic Affairs Division and the Privatization Commission have all been engaged in the preparation of economic indicators in case the new government decides to take an IMF bailout package, sources further stated.
The decision whether to approach the IMF or rely on another source will have to be taken by the next government within three to four weeks after coming to power.
The Finance Minister-designate Asad Umar has not ruled out going for an IMF bail out package and stated during a recent media briefing that there are various options available and PTI government will decide after considering all options.
He stated that the new government plans to issue overseas ''Diaspora Bonds'' to support the country''s dwindling foreign exchange reserves by offering higher rate of return to overseas Pakistanis compared to the interest rate offered to them in their country of residence.