Pakistan to hold policy-level talks with the IMF

Representatives of the Pakistani government and the International Monetary Fund (IMF) will hold policy-level talks from Monday in Islamabad.

Harald Finger will lead the IMF delegation for the discussions and from Pakistan, the economic team will be led by Finance Minister Asad Umar.

During policy negotiations, the IMF might suggest measures to increase tax recovery, an increase in exports and improvements in the energy sector. The IMF delegation will review Pakistan’s fiscal policies in terms of the current account deficit.

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The IMF may also recommend measures to increase the prices of electricity and gas. It is expected that the IMF may suggest a condition of eliminating electricity subsidies for Pakistan.

Measures to prevent money laundering are also expected to be discussed. The delegation will also review the SBP’s financial independence and FBR’s performance.

Earlier, the IMF team visited Pakistan from November 7 to November 9.  During the visit, technical talks between Pakistan and the IMF took place. In the last meeting, data pertaining to performance in various sectors was presented to the IMF team.

 

 

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