IMF Rejects Pakistan’s Request to Resume Talks Over 9th Review

The International Monetary Fund (IMF) has turned down Pakistan’s government request for sending its team for the completion of the review.

Sources told ProPakistani that the IMF has turned down Pakistan’s request to send their team and has asked the Finance Ministry to first take all prior actions and then a visit will be scheduled.

Earlier, it was reported that Pakistan requested the IMF to send its review mission to Islamabad next week for breaking the deadlock and accomplishing the pending 9th Review under the $7 billion Extended Fund Facility (EFF).

Recently, Prime Minister Shehbaz Sharif chaired two consecutive high-powered meetings of the economic team online from Lahore and it was decided that there is no other choice but to revive the IMF program on an immediate basis.

Sources added,

Pakistani team is working to reach a consensus with the IMF on all conditions attached to the loan. This is due to concerns that even if Pakistan implements the IMF’s recommendations by implementing additional tax measures, increasing power and gas prices, and allowing the exchange rate to depreciate, the Fund’s staff may still consider these actions insufficient.

ProPakistani contacted the Secretary of Finance for a comment on the matter, but no response was received prior to the completion of the story.

  • All the bravado of dar that he knows how to deal with the IMF gone up in smoke . Why do they make these big statements without any back up . Height of incompetence

    • probably govt knows what IMF wants but it will bring more pressure to masses. They should not avoid and let us suffer what is destined. thats what the rule of nature…

  • Far the moron has to go. He has messed everything. He doesn’t have the brains of a mongoose. He has has been messing up Pakistan for a long time and should be asked to to only look after the Shariff family accounts .

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