IMF mission to visit Pakistan by month’s end for talks on 9th review: official
The programme’s ninth review, which would release $1.18 billion, is currently pending.
The programme’s ninth review, which would release $1.18 billion, is currently pending.
The development comes after PM Shehbaz said an IMF delegation would come to Pakistan in “two to three days”.
Reviewing the measures adopted to tackle the threat of Covid-19, he stressed the need for 100 per cent vaccination for children between the age of five and 12,
Last week, the finance ministry’s forecast said inflation would stay high — between 21-23 per cent during the current fiscal year.
Pakistan was lashed by unprecedented monsoon rains over the summer that put a third of the country underwater, damaged two million homes, and killed more than 1,700 people.
The government has been resisting sugar export, fearing that it would lead to shortage and price hikes in the domestic market to their further disadvantage.
The move comes as Pakistan struggles to meet domestic gas supply needs as winter approaches while battling to contain a current account deficit.
Removal of subsidies on electricity earlier this year has also contributed to inflationary pressure.
The meeting between the two leaders today was held amid the process for the next army chief's appointment.
Earlier this month, the World Bank announced that it will provide more than $3 billion to Pakistan for infrastructure development in the energy sector.