Business

IMF delegation to begin talks in Pakistan from September 25

Islamabad: A delegation of the International Monetary Fund (IMF) will visit Pakistan from September 25 to October 8. The mission will stay in the country for two weeks and will hold comprehensive discussions with the government on financial and economic issues.

According to sources, technical issues will be reviewed in detail in the first part of the visit, while policy-level talks will be held in the second phase. The IMF delegation will meet representatives of the ministries of finance, energy, planning, State Bank, FBR, OGRA, NEPRA and other institutions.

Sources said that the delegation will also make contacts at the provincial level and hold separate meetings with the governments of Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan. During this time, the financial needs and policies of the provinces will also be reviewed.

According to the Ministry of Finance, Pakistan is to receive a payment of $1.3 billion in 28 months under the Climate Financing Agreement, on which progress will also be part of the agenda.

The IMF delegation will present its recommendations after reviewing the overall performance of the economy, on the basis of which the release or delay of the next tranche will be decided. The final approval will be given by the IMF Executive Board.

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