Pakistan Likely To Begin Talks With IMF On Staff-Level Agreement From June 30.

Federal Minister for Finance and Revenue Miftah Ismail Tuesday revealed that talks with the International Monetary Fund (IMF) regarding the staff-level agreement will 'hopefully' begin on June 30.

Miftah said the government is hopeful that the duration of the programme will be extended by a year.

'The Memorandum of Economic and Financial Policies (MEFP) was received today and the authorities concerned will need at least two days to read the document,' he said.

Earlier today, Mifath took to his Twitter and shared that Pakistan has received the MEFP from the IMF for the seventh and eighth reviews.

This is a critical development signalling that the two sides have reached an agreement. The draft MEFP is a prerequisite to paving the way toward striking a staff-level agreement.

Now that Pakistan has received this document, it will be analysed and scrutinised by the country's economic team.

The finance...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT