An International Monetary Fund (IMF) delegation will visit soon be visiting Pakistan to hash out the details of the stalled ninth Extended Fund Facility review, reported 24NewsHD TV channel Thursday.

Pakistan is dealing with a severe economic crunch as the foreign exchange reserves and the Pakistani rupee have dropped to historic lows, with the government now eyeing to revive the bailout programme as it nears a default risk.

"At the request of the authorities, an in-person Fund mission is scheduled to visit Islamabad January 31–February 9 to continue the discussions under the ninth EFF review," IMF Resident Representative in Pakistan Esther Pérez Ruiz was quoted as saying.

The delegation would be focusing on several policy areas during their meetings with the Pakistani officials, who are now taking steps to meet the Fund's prerequisites for the programme's revival.

The mission will focus on policies to restore domestic and external sustainability, including to strengthen the fiscal position with durable and high quality measures while supporting the vulnerable and those affected by the floods; restore the viability of the power sector and reverse the continued accumulation of circular debt; and reestablish the proper functioning of the FX market, allowing the exchange rate to clear the FX shortage.

Stronger policy efforts and reforms, she mentioned, are critical to reduce the current elevated uncertainty that weighs on the outlook, strengthen Pakistan’s resilience, and obtain financing support from official partners and the markets that are vital for Pakistan’s sustainable development.

The mission will hold meetings with the officials from State Bank of Pakistan, Federal Bureau of Revenue, Ministry of Energy and Power Division and National Electric Power Regulatory Authority.