ISLAMABAD [Pakistan], A team from the International Monetary Fund (IMF) arrived in Pakistan on Friday for talks as they requested a longer and bigger bailout package under the Extended Fund Facility (EFF), Geo News reported. has told. A team from the International Monterey Fund (IMF) arrived in Pakistan on Friday to hold talks regarding the South Asian nation's request for a longer and sizable bailout package under the Extended Fund Facility (EFF). A support team from the global lender is expected to discuss it. According to sources, the first phase or the next long-term loan program with the country's financial team. According to Geo News report, sources said that the advance team has reached Pakistan for talks, while the IMF mission will reach on the night of May 16.Apart from this, the team will receive data from various departments and will also discuss the upcoming Budget 2025 with the Finance Ministry of Pakistan. According to sources, the team will stay in Pakistan for more than 10 days. The News International reported last month that Pakistan has sought the next bailout package under the EEF in the range of US$6 to 8 billion over three years, with the possibility of an increase through climate financing. Last month, Pakistan completed a US$3 billion short-term program, saving it from default. The IMF Executive Board, at its meeting on April 29, completed the second review under the Stand-B arrangement and approved the disbursement for Pakistan. State Bank of Pakistan (SBP) received US$1.1 billion from the IMF on 30 April.Meanwhile, a few days ago, the federal government decided to stop providing subsidies to government officials ahead of the visit of the IMF mission on the new LoA package. According to media reports, the subsidy given to Customs has also been exempted from officers ranging from Grade 1 to 22, reports Sama TV. He said concessional house rent and medical charges to customs officials have also been abolished.