Abb Takk News

IMF, Pakistan To Continue Technical Level Talks

ISLAMABAD: Visiting delegation of International Monetary Fund (IMF) to continue its technical level talks with the officials of Pakistani government here on Wednesday.

As per details, IMF’s delegation will carry out important negotiations with the officials of Pakistan’s Ministry of Finance. The Pakistani delegation will be headed by Prime Minister’s Financial Advisers and will present the strategy of the government to reduce circular debt and current account deficit. Budget wing, debt wing and investment wing of the finance ministry will brief the IMF’s delegation during the meeting.

According to sources, the meeting will also be attended by the officials from FBR, SECP, Power Division, Petroleum Division and Privatization Commission.

A day earlier, The second session of talks between the delegations of Pakistan and International Monetary Fund (IMF) was concluded at the federal capital.

IMF’s delegation is being led by mission Chief Ernesto Ramirez Rigo who is being briefed by the Pakistani officials on the power sector and Social Safety Net.

A day earlier, the first round of the negotiations between Pakistan and IMF were officially kicked-off in Islamabad as the country awaits final nod on the bailout package expected to be USD 6-8 billion.

According to sources, the technical talks are underway with the visiting IMF delegation at a local hotel in the federal capital.

Pakistani delegation comprises of officials of Ministry of Finance and other senior officials.

Government has done thorough preparations on the economic framework which will be tabled to the visiting IMF team which is arriving in the country on its ‘review mission’, sources said.

IMF and Pakistan’s delegation are also expected to agree on initiate strict technical steps for restricting electricity and gas theft, sources added.

It is to be noted that Prime Minister Imran Khan on April 25 held a meeting with Managing Director International Monetary Fund Christine Lagarde on the sidelines of second Belt and Road Forum in Beijing.

They discussed matters of mutual interest, the comprehensive economic policy package to strengthen Pakistan’s economy and international assistance.