Islamabad: After nerve-wracking talks, the present government, after much deliberation, has finally agreed to meet most of the demands of the International Monetary Fund (IMF), paving the way for the country’s “economic return” is done. The chances of “coming” have increased. IMF loan installment.
Talks between Pakistan and the IMF continued for the second day. The Pakistani negotiating team includes Finance Secretary Hamid Yaqub Sheikh, Federal Board of Revenue Chairman Asim Ahmed, and State Bank of Pakistan Acting Governor Dr. Murtaza Syed.
According to sources familiar with the matter, there were positive discussions with the IMF on extending the loan term.
The sources further said that technical level talks are underway between Pakistan and the IMF, continuing until May 23.
During the initial talks, Pakistan agreed to meet most of the demands made by the IMF.
Pakistani authorities have agreed to reduce the time frame for subsidies and privatization.