Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Confident’ Pakistan To Meet IMF For Review Talks On Nov 2

Islamabad: The International Monetary Fund (IMF) has officially confirmed the initiation of discussions on November 2nd for the disbursement of the second tranche of a $710 million loan. The government maintains its confidence in successfully fulfilling the program review, despite encountering some external sector challenges. Confident Pakistan To Meet IMF For Review Talks On Nov 2.

Confident’ Pakistan To Meet IMF For Review Talks On Nov 2

Esther Perez Ruiz, the IMF’s resident representative, disclosed this development on Tuesday night. Pakistan, currently operating under an interim administration at both the federal and provincial levels, is steadfast in its pursuit of economic recovery after the approval of the IMF loan program in July.

An IMF delegation is scheduled to visit Pakistan on November 2nd to engage in preliminary assessments related to the country’s $3 billion standby arrangement (SBA). The IMF has also announced that a mission will visit Pakistan on November 2nd to initiate discussions on the first review of the current $3 billion Standby Arrangement (SBA). The IMF’s resident representative provided this information.

IMF Delegation To Visit Pakistan On Nov 2 For SBA Review

Nathan Porter, leading an IMF team, will commence the mission to Pakistan on November 2nd to conduct the first review under the existing $3 billion Stand-By Arrangement (SBA). Esther Perez, the IMF’s resident representative, conveyed this to The Express Tribune.

In the interim, the finance secretary has convened a significant meeting for Thursday, which will bring together all ministries, divisions, and departments to provide updates on the structural benchmarks, indicative criteria, and performance criteria agreed upon with the IMF, aiming for completion by the end of September 2023.

IMF Team To Visit Pakistan For First Review Talks On Nov 2

It is noteworthy that the loan program prevented a sovereign debt default, and Pakistan received its initial $1.2 billion tranche from the Washington-based lender shortly after its approval. During the meeting, discussions will revolve around reforms in the power sector, strategies for reducing the circular debt, gas pricing, and tax reform initiatives, according to sources.

The federal government and the State Bank of Pakistan remain optimistic that they will successfully conclude the review by fulfilling the conditions established with the IMF in July.

Special Flights to Transport Afghan Refugees to London

Leave a Reply

Your email address will not be published. Required fields are marked *