Business

Final round of the ongoing talks between IMF and Pakistan takes place today

Published by
Staff Reporter

ISLAMABAD: Today (Monday) is the last session of negotiations between the government economic team and the IMF (International Monetary Fund) mission. Negotiations with the provinces and asset declaration by public employees are among the topics on Monday’s agenda, according to sources. But they would also talk about things like wages and pensions, financing for the climate, monetary policy, and the next budget.

Read More: Poorest countries in world: Pakistan ranks 52nd in IMF list

The provinces and the IMF mission will discuss fiscal operations, debt, and commodities schemes. They will also discuss revenue initiatives and health and education spending. Among the topics are talks about the foreign exchange market, adjustments to the budget procedure, institutional reforms, real estate, and anti-money laundering measures.

Read More: IMF delegate to reach Pakistan today for monetary talks

The sources claim that if the negotiations with the IMF delegation are not concluded today, there would be a brief meeting on Tuesday. Notably, the IMF team has also voiced its dissatisfaction with the sluggish pace of institutional reforms. The largest lender in the world is content with the advancements made in other areas, though.

Staff Reporter

Recent Posts

Gold prices drop by Rs5,600 per tola in Pakistan

KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…

32 minutes ago

When will Safar moon be sighted? SUPARCO predicts

ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…

1 hour ago

11 died as house collapses in Kohat after heavy rains

KOHAT: A residential house collapsed due to heavy rain in the Malgin area of ​​Lachi…

2 hours ago

Alternative to the Strait of Hormuz Ready: UAE Decides to Build New Port

ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…

2 hours ago

Afghan Women’s refugee team could Play International matches by 2030

DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…

3 hours ago

US-Iran tensions spark fears of fuel price hike in Pakistan

ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…

3 hours ago