IMF delegation to arrive Pakistan on Monday

IMF approves second tranche of $450m for Pakistan

ISLAMABAD: A delegation of the International Monetary Fund (IMF) will visit Pakistan from Monday (April 29).
Finance Division Spokesperson Dr Khaqan Najeeb said that the purpose of visit is to hold technical negotiations for progress on IMF programme.
He said that the preparation of economic framework is in the final phase for dialogues with the IMF team. Concerned departments and organisations will participate in the talks with the delegation, he said.
The spokesperson said the delegation will hold meeting with State Bank and Privatisation officials, adding that the tax officials will also hold talks with the IMF team.
Earlier, while talking to media in Washington, former finance minister Asad Umar had said that government was working on structural changes in the economy.
He said it has been decided in principle to start IMF mission and the decision has been taken in the best interest of national economy.
The ex-finance minister said that the IMF program will bring improvement in the economy, adding that delegation will visit Pakistan in coming weeks to finalize technical details.
To a question, Asad Umar said trade activities in the region will improve living standard of the people.
He said Prime Minister Imran Khan expressed his desire to improve relations with India in his first speech and offered to enhance trade relations.
He said gas agreement with Turkmenistan has been signed while Free Trade Agreement with Turkey will be concluded soon.
The Minister said Pakistan has been facing a crisis of balance of payments for a long time and we went to the IMF due to some previous wrong decisions. He said PPP and PML-N governments also sought IMF programs.


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