Pakistan-IMF to start new round of negotiations in November

• The concerned ministries have completed the evaluation of the performance of the targets.
• The talks will discuss energy sector reforms.
• Economic performance from July to September will be reviewed in talks.

Islamabad: Negotiations between Pakistan and the International Monetary Fund (IMF) for a tranche of $700 million will be held in the first week of November.

According to details, negotiations between Pakistan and the IMF for the new tranche of the current loan program will begin in the first week of November.

In this regard, the Ministry of Finance, the Ministry of Energy, and other ministries have completed the evaluation of the performance of the targets.

However, economic performance from July to September will be reviewed in talks with the IMF. In fact, the economic performance data for the first quarter of the current fiscal year has already been provided to the IMF.

The talks will discuss energy sector reforms and review the implementation of mechanisms to reduce circular debt as well as management strategies to reduce gas circular debt.

The talks will review measures to reduce fiscal deficits and current deficits, including the implementation of tax reforms and measures to reduce losses for public sector institutions.

Also Read

Inflation rate for current fiscal year will remain at 23.6%: IMF

IMF released World Economic Outlook Report. This year unemployment is likely to...

Earlier, the IMF has predicted that the inflation rate in Pakistan for the current financial year will be 23.6 percent and the Gross domestic product (GDP) growth is estimated to reach 5 percent by the year 2028.