IMF delegation to arrive in Pakistan on April 29

IMF delegation to arrive in Pakistan on April 29

Islamabad (Staff Report): The International Monetary Fund (IMF) team will arrive in Pakistan on April 29 for negotiations on the bailout package.

According to a statement issued by Finance Division spokesperson Dr Khaqan Najeeb, the purpose of visit is to hold technical negotiations for progress on IMF programme.

He said that the preparation of an economic framework is in the final phase for dialogues with the IMF team. Concerned departments and organisations will participate in the talks with the delegation, he said.

The spokesperson added the delegation will hold a meeting with State Bank and Privatisation officials, adding that the tax officials will also hold talks with the IMF team.

The two sides have been engaged since August last year but talks were suspended in November when they could not reach agreement on economic adjustment plan.

The new development comes hours after Prime Minister Imran Khan met IMF chief Christine Lagarde on the sidelines of Second Belt and Road Forum in Beijing on Friday.