ISLAMABAD: There has been significant progress in the virtual talks between Pakistan and the IMF, the IMF has given a green signal for the staff-level agreement, this week, expressing satisfaction over the steps taken by Pakistan. A deal is likely to be reached.
Finance Ministry sources say that there has been positive progress in the virtual talks between Pakistan and the IMF after Pakistan has fulfilled the conditions of the IMF’s advance measures and the IMF has expressed satisfaction over the advance measures. What follows is a staff-level agreement likely this week.
Sources say that due to the improvement of foreign exchange reserves, the last precondition of the IMF has also been fulfilled, due to the rollover of China’s loans, the foreign exchange reserves have improved, while the packages announced for Pakistan by other friendly countries have also been met. Implementation is likely soon.
Sources say that after signing a staff-level agreement with the IMF, the matter will be presented in the meeting of the IMF Executive Board for the approval of the ninth economic review and the next installment of one billion ten million dollars for Pakistan. After the approval, the IMF program will also be on track with the release of the next installment to Pakistan.
