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Pakistan-IMF talks begin in Qatar
So far, the IMF has disbursed $3 billion to Pakistan.
Doha: Pakistan and the International Monetary Fund (IMF) talks have started in Doha from Wednesday (today) for a week in a renewed effort to strike a staff-level agreement for the release of $1 billion tranche under the Extended Fund Facility (EFF).
Finance Minister Miftah Ismail, Minister of State for Finance Dr. Aisha Ghous Pasha, Finance Secretary Hamed Yaqoob Shaikh, Acting Governor State Bank of Pakistan Dr. Murtaza Syed, Chairman FBR Asim Ahmad and senior officers from Finance Division joined the talks virtually.
So far, the IMF has disbursed $3 billion to Pakistan.
If the latest review is cleared, the government will receive another tranche of more than $900 million, which would in turn unlock additional external funding.
Pakistan is in dire need of external finances due to a widening current account deficit and rapidly depleting foreign exchange reserves.