Pak-IMF meeting begins in Dubai

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Pakistan is likely to win fifth tranche of a $550 million if it meets most of the conditions.

DUBAI – Meeting between Pakistan and International Monetary Fund (IMF) to review the performance of economy has commenced in Dubai today (Thursday).

IMF is to review Pakistan’s economic performance from April to June in last fiscal year and would also discuss the targets for the first quarter of the next fiscal year. Pakistan may yank a loan of $550 million if it meets most of the conditions.

The negotiations are expected to continue till August 18. The preliminary discussions shall engage negotiations on a technical level. The policy level negotiations will be held in the headship of Pakistan s Finance Minister Ishaq Dar.

2014-08-07

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