Virtual talks between the International Monetary Fund (IMF) and Pakistan for the completion of the ninth review of the $7 billion loan programme will begin today.
Pakistan received the document the Memorandum of Economic and Financial Policies (MEFP) from the international lender on February 9.
Officials from the IMF and the finance ministry will begin speaking digitally today. The IMF will get a briefing from the finance ministry’s representatives on the status of the conditions they set for the reinstatement of the loan programme.
According to further sources, the Economic Coordination Committee has also given its approval to the proposal for raising gas and electricity tariffs, which was also shared with the IMF.
The virtual talks will continue tomorrow also.
Pakistan-IMF talks fruitful, announcement due shortly: sources
After the end of the 9th review discussions on the delayed loan programme, the International Monetary Fund (IMF) today released a formal statement.
The early and decisive implementation of policy measures, combined with steadfast financial support from official partners, is essential for Pakistan to successfully reestablish macroeconomic stability and progress its sustainable development, according to IMF mission leader Nathan Porter in a statement.
The statement, which was released after the mission’s 10-day visit to Pakistan, praised Prime Minister Shehbaz Sharif’s promise to put those measures into practice in order to “safeguard
He also thanked the leads for the “constructive discussions”.