Friday , December 13 2019
Breaking News
Home / Business / Deliberations with IMF for 7th Review completed  
Deliberations with IMF for 7th Review completed  

Deliberations with IMF for 7th Review completed  

ISLAMABAD: Pakistan and International Monetary Fund (IMF) has completed the detailed deliberations for the 7th review under Extended Funds Facility (EFF) programme.

Pakistan’s delegation was led by Finance Minister Senator Mohammad Ishaq Dar whereas the IMF team was led by Harald Finger at talks held in Dubai, United Arab Emirates, the Finance Ministry said in a press release here.

Ishaq Dar and Harald Finger will arrive in Islamabad late Sunday for the final round of review on policy matters scheduled to be held on Monday (May 11).

The Finance Minister proposed that final round of discussion to be held at Islamabad to which IMF authorities agreed. The details of the outcome of the talks would also be shared with the media on Monday, the ministry said.

It may be mentioned that policy-level talks between Pakistan and IMF started last week in Dubai where both sides discussed the 7th quarterly review under Extended Fund Facility (EFF).

The successful conclusion of 7th review will enable the Fund to release next tranche of $ 550 million after the approval of its executive board by late June or early July.

Pakistan has received $3.5 billion from the Fund in six tranches since September 4, 2013, when the IMF board approved the three-year extended arrangement under the EFF for about US$ 6.12 billion.