Govt finds itself in tough position as there are risks attached either with or without the IMF deal.
MEFP is exchanged.
IMF chief in Pakistan tells TTI “still working” on deal.
IMF
Pakistan govt is reluctant to implement harsh measures proposed by IMF, which can further fuel price hike
Tarin, left behind Finance Secretary Yousaf Khan to further pursue the talks for the resumption of a $6 billion loan facility that would bring an immediate relief to the cash-starved government by delivering a suspended tranche of $1 billion.
SBP chief said that every economic policy benefitted and disadvantaged some people, so when mention was made of those who suffered then “we should not forget those who are benefitting.”
Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin said both sides are making the last-minute endeavor to sign the Memorandum of Economic and Financial Policies
Analysts said the bullish trend was owed to better-than-expected current account deficit figures as well as the positive news flow from the IMF.
Jihad Azour, director of IMF Middle East and Central Asia Department, told journalists that the talks between the Fund and the Pakistan government on the sixth review of the $6 billion Extended Fund Facility had progressed to a “very good step”.
Finance Secretary is leading Pakistani delegation in talks with IMF as term of Shaukat Tarin as Finance Minister expired last week