IMF demands to review NFC with provinces 

Islamabad: The International Monetary Fund (IMF) has termed the funds insufficient under the National Finance commission (NFC) and demanded to review it with provinces. 

According to the details, the second phase of table talks are going to held today (Friday) between IMF and Pakistan. In these table talks, a plan has summoned on privatization of government owned institutions.

This second session was chaired by IMF delegation’s leadership Nathan Porter. IMF demanded to Pakistan to review the division of financial resources between provincial and federal governments.

A term sheet agreement will be prepared for the privatization of Pakistan International Airline (PIA) on which 12 percent rate of interest will be imposed on that. 

It should be noted that yesterday (Thursday) the first session of table talks was completed amid loan program.