Pakistan, IMF open bailout talks today
Pakistan and International Monetary Fund (IMF) will formally begin talks on a three-year bailout package for economic reforms from Monday (today).
The IMF mission led by the director for the Middle East and Central Asia Ernesto Meris is scheduled to reach Pakistan on Monday (today) with an expected stay until May 7.
The review mission will analyze economic data and engage in policy level discussions with Adviser to PM on Finance Dr Abdul Hafeez Shaikh during which terms and conditions of the programme will also be determined. If successful, the mission will sign a letter of intent with Pakistan.
According to details, the ministry of finance has finalized the summary of data obtained from various institutions including the Federal Board of Revenue (FBR) for talks with IMF.