Pakistan-IMF talks underway

By: News Desk
Published: 08:28 PM, 24 Jan, 2023
Pakistan-IMF talks underway
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The officials of Pakistan and the International Monetary Fund (IMF) are in touch, 24NewsHD TV channel reported on Tuesday.

According to sources, an exchange of information under the IMF package is underway. 

The IMF is being provided with the required data and information about circular debt, electricity and gas prices as well as tax collection.

The officials made a request to the fund for sending a mission to Pakistan, the insiders stressed.

Reportedly, Pakistan is awaiting the 9th review of a loan arrangement - the previous government signed with the IMF.

The review would lead to the release of the next tranche of funds to Pakistan pending since September.

In August 2022, the IMF approved the seventh and eighth reviews of Pakistan’s bailout programme.

The IMF officials have indicated that they are willing to continue working with Pakistan, but the country should first meet some basic requirements.

The official said that the IMF was asking for “some movement on energy prices and the demonstration of Islamabad’s intent to reform but Finance Minister Ishaq Dar is not giving an inch.”

Categories : Latest, Pakistan