Dubai meeting: Dar in talks for $550m IMF tranche

The head of the IMF review mission and Dar will hold a joint press conference after conclusion of the talks


APP February 02, 2015

ISLAMABAD: Finance Minister Muhammad Ishaq Dar on Monday arrived in Dubai to lead Pakistan’s team in talks with the International Monetary Fund (IMF) for the release of the next tranche of $550 million. A team of officials from the Ministry of Finance, Water and Power and Petroleum was already there for necessary preparation and undertaking preliminaries, said a statement released by the finance ministry. Initial talks at the technical level had already been held, while policy-level talks began on Monday, which would continue for the next three days. The head of the IMF review mission, Jaffrey Frank and Finance Minister Ishaq Dar will hold a joint press conference after conclusion of the talks.

Published in The Express Tribune, February 3rd, 2015.

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COMMENTS (1)

Luciferous | 9 years ago | Reply What would be the loan conditions such as interest rate, term, amortization schedule, penalties if missed the installments etc etc and how will this be spent?
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