Pakistan holds policy-level talks with IMF in Doha today
Stay tuned with 24 News HD Android App
Sources divulged that before engaging into policy-level talks, the Pakistani delegation led by the finance secretary had completed the technical-level talks with the officials of international money lender.
In the forthcoming policy-level parleys, Finance Minister Miftah Ismail and State Bank Acting Governor would participate. Earlier, the finance minister flew to Doha for this purpose.
The government also has to inform the IMF about the next fiscal year’s budget proposals.
It has been learnt that the IMF is all set to ask policymakers for further tightening of fiscal and monetary policies. It will recommend taking additional taxation measures in the upcoming budget.
The policy-level negotiations will be concluded on May 25 and in case of success of the talks, a joint statement will be issued.
The finance ministry said that if parlays remain successful then the delegation would request the Fund to release $1 billion tranche of the Extended Fund Facility and Pakistan could receive this tranche in mid-July.
Talks with the IMF Mission started today. Finance Minister Mr. Miftah Ismail, MoS Dr. Aisha Ghous Pasha, Finance Secretary Hamed Yaqoob Shaikh, Acting Governor SBP Dr. Murtaza Syed, Chairman FBR Mr. Asim Ahmad and senior officers from Finance Div joined vitually.@MiftahIsmail— Ministry of Finance (@FinMinistryPak) May 18, 2022
Reporter Waqas Azeem