IMF validates data shared by Pakistan, says Tarin – Journal
WASHINGTON: Finance Minister Shaukat Tarin said on Friday that some members of the Pakistani team visiting the United States would stay in Washington until Tuesday to finalize the resumption of the IMF loan facility.
Speaking to a press conference at the Pakistani embassy, the minister said the finance secretary would stay in Washington to continue talks with the IMF while he and the governor of the State Bank would be in New York and meet. would virtually join the talks.
The International Monetary Fund (IMF) had previously said it was in open and constructive discussions with Pakistan on the 6th revision of its financial package and was ready to help the country meet its debt sustainability goals.
Minister says negotiating team will stay in US to finalize loan facility takeover
In July 2019, the IMF approved a 39-month Extended Financing Facility (EFF) agreement for Pakistan for $ 6 billion to support Islamabad’s economic reform program.
Tarin said in the coming days Pakistan and the IMF will issue a joint statement announcing the resumption of the loan facility. After the announcement, the IMF would release about $ 1 billion to Pakistan, he added.
The minister said Pakistan had shared some statistics with the IMF on electricity and gas tariffs and tax collection.
“They said they validated the numbers that we had shared with them and that they would respond to us,” he said. “We told them we welcome the review.
The minister said that this quarter, the government collected 175 billion rupees of additional value, “which we have shared with the IMF.”
Mr Tarin said that during his visit he also met with US officials and the Turkish minister.
SBP Governor Reaz Baqir, who accompanied Tarin, spoke of the current account deficit.
Posted in Dawn, le 16 October 2021