Progress expected on IMF $1.1bn tranche

Ministry of Finance insiders reveal optimism for a staff-level agreement


Our Correspondent March 18, 2024
The IMF has also urged Pakistan to review its policy of providing locally subsidised gas to fertiliser plants – a policy that diverts resources away from the power sector, which relies on expensive imported gas and contributes to price increases. PHOTO: REUTERS

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ISLAMABAD:

 

In the last leg of discussions between Pakistan and the International Monetary Fund (IMF), officials anticipate headway today regarding the disbursement of the final $1.1 billion tranche from the $3 billion standby arrangement.

Ministry of Finance insiders reveal optimism for a staff-level agreement.

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Key issues under deliberation during the four-day negotiation period are set to be finalised, paving the way for a draft of the memorandum of economic and financial policies.

During the third day of discussions, the government had committed to bringing the real estate sector into the tax net.

COMMENTS (1)

T Singh | 8 months ago | Reply It s about time to work with India to get out of the IMF trap. India supported Sri Lanka with 4B package.
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