Pakistan and the International Monetary Fund (IMF) are set to begin discussions today.
Caretaker Finance Minister Shamshad Akhtar and the head of IMF’s Pakistan mission will lead their teams in talks. Pakistan plans to share details about controlling spending and reducing deficits.
The country will also discuss measures to cut losses in state institutions and may face IMF requests related to climate change impact. Pakistani officials will present a plan for securing $6.5 billion in foreign financing and achieving a tax target of 9,415 billion rupees.
The talks will cover steps taken by the Monetary Policy Board regarding the foreign exchange rate. The Ministry of Finance is optimistic about meeting all IMF conditions for the first review of the Standby Agreement.
