Tuesday, August 9, 2022

Policy Talks Between Pakistan And Imf Start Today

Policy talks between Pakistan and the International Monetary Fund (IMF) will begin today. Sources said that Pakistan has completed technical level talks with the IMF by a delegation led by the Secretary Finance.

Sources said that policy talks between Pakistan and IMF will be held in Doha today in which the Finance Minister and Acting Governor SBP will also be present.

Read also: Talks between IMF and Pakistan, Pakistani delegation leaves for Doha

According to sources, Pakistan is under pressure to end subsidies in the energy sector and increase the policy rate, while the IMF will also ask Pakistan to privatize loss-making state-owned enterprises.

Sources said that Pakistan is also under pressure to sell the two state-owned power plants soon.

Sources said that Pakistan also needs to inform the IMF about its budget priorities for the next financial year.

According to sources, the policy talks between Pakistan and the IMF will be completed on May 25. If successful, a joint declaration will be issued.

It may be recalled that Pakistan has requested for a one-year extension in the debt program and increase in debt to 8 8 billion. Pakistan will receive by mid-July.

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