The review mission of the International Monetary Fund (IMF) has reached Pakistan for talks.
Negotiations between the IMF mission and the economic team are beginning today, with the stand-by arrangement continuing until March 18.
According to the sources, the introductory meeting between the IMF delegation and the economic team has started and the IMF delegation is being led by Nathan Porter.
Finance Minister Muhammad Aurangzeb is present in the meeting along with the economic team, apart from this the Governor State Bank and Finance Secretary will also participate in the meeting.
According to the sources, after the meeting, the negotiations will be formally started, no further conditions will be imposed to take the last installment of the current loan program, no new mini-budget will come under the current loan program.
It should be noted that the officials of the Ministry of Finance have claimed that Pakistan has successfully achieved the targets of the second review.
According to officials, as a result of Pakistan’s actions, the third tranche of $1.1 billion is expected to be released under the IMF’s Program Standby Agreement.
The Ministry of Finance has stated in its official announcement that Pakistan has achieved the targets of all the structural benchmarks, quality performance standards and other indicators of the IMF assessment.