ISLAMABAD: Pakistan and the International Monetary Fund (IMF) will hold policy-level discussions starting on Monday (today).
Pakistan-IMF level talks: The head of the IMF’s Pakistan mission and acting finance minister Shamshad Akhtar will lead their respective teams in negotiations.
Sources claim Pakistan would brief the IMF on its strategy for reducing spending and the deficit.
According to sources, the IMF delegation will also be updated on the reduction of losses to state institutions.
Sources claim that the IMF may insist on “doing more” in regards to the effects of climate change.
According to sources in the finance ministry, Pakistani authorities will offer a plan about the nation’s need for external financing totaling 6.5 billion dollars.
According to sources, Pakistan will also tell the IMF on how it intends to meet the 9,415 billion rupee tax objective.
The IMF team will receive information about the actions of the Monetary Policy Board concerning the foreign exchange rate.
Previous reports indicated that the IMF would also make public its stance on the foreign exchange rate and would likely raise concerns about the necessity of foreign funding.
Further, The Ministry of Finance sources expressed optimism that they would successfully complete the evaluation and added that they had met all the goals. “Pakistan has complied with all of the IMF’s primary requirements for the Standby Agreement’s (SBA) first assessment.
During discussions between Pakistani and IMF representatives, they made the decision to disburse a $700 million loan tranche as per the deal, according to reports.
