IMF delegation to hold talks with Pakistan on external financing

ISLAMABAD: In a significant development, an International Monetary Fund (IMF) delegation is set to touch down in Pakistan today, marking the commencement of a two-week mission.

According to Jang Urdu, IMF delegation is scheduled to conduct meetings with Pakistan’s Ministry of Finance, various regulatory authorities, including Energy ministry, as well as representatives from the State Bank.

Read More: IMF delegation to arrive in Pakistan for $700 million loan talks

The reports indicate that the primary objective of the discussions is to seek much-needed clarity from the Pakistani government on its stance regarding external financing and the country’s exchange rate policy.

Meanwhile, the IMF delegation will also present recommendations for Pakistan to make the next installment payment of $700 million, continuing the ongoing financial collaboration, as reported by the media.

However, in a related development, Pakistan’s Federal Board of Revenue (FBR) has achieved a remarkable milestone by surpassing the set target for tax collection, amassing over Rs66 billion beyond expectations by October.