ISLAMABAD: Pakistan and the International Monetary Fund (IMF) failed reach an agreement on the level of personnel even after ten days of decisive negotiations.
The Minister of Finance announced media late thursday night that talks with IMF completed. He said that the IMF team assured us of conclusion of an agreement at the staff level in coming days as there are some points be settled between Pakistan and the IMF, to be decided by Washington. office of The IMF explains that the Fund team wants to clarify some agreed points with their tops.
He also said the two sides reached an agreement on previous actions, no explanation of numbers of previous actions. Hamid Yacoub said that We (IMF team in Pakistan and Ministry of Finance) are waiting for IMF statement to be released by the creditor in the US office.
The finance minister said the IMF had partially donated over Memorandum of Economic Policy (MEFP) since we discussed everything points in detail.
When asked, he replied that the IMF team It has also assessed the sources of foreign influx, but they are satisfied with our work or guarantee.
Earlier it was reported that the IMF expressed concern over forecasts made ministry of Finance over inflow of external financing from multilateral, bilateral creditors and in V shape of commercial loans.
The IMF loan is critical for the country is shrinking economy as State Bank of Pakistan’s foreign exchange reserves (SBP) fell to $2.91 billion.
IMF team on request of Pakistani government visited Islamabad and negotiations continued for 10 days.
Earlier, speaking briefly with media after the “Conference on Road Safety for MP Ishak Dar expressed hope for a positive result on current negotiations with IMF on 9th review.
Things are going on on the right track, and I hope that the negotiations will be completed today,” he said.
Minister of State for Finance Doctor Ayesha Gos Pasha on Thursday also said that negotiations with IMF in V final stages. there is one more round of negotiation with the IMF, because the IMF wants some more clarification.
She also said details about the deal would be revealed tonight. This worth mentioning here that the previous government PTI signed a $6 billion agreement with the IMF and the ninth review expected since then last september like current government failed To live up to their promises with creditor and introduced the owner of fiscal measures in breach of agreed terms.
