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IMF mission meets with Finance Minister, discusses performance of $7b loan

MM News Staff by MM News Staff
November 13, 2024
IMF mission

(Image: Pak Observer)

The International Monetary Fund’s mission chief, Nathan Porter, met with Finance Minister Mohammad Aurangzeb on Tuesday.

The meeting, held in Islamabad, focused on the performance of the $7 billion loan, according to a statement issued by the Finance Ministry.

According to a report by the Pakistan Observer, the IMF mission’s unusual visit came ahead of the first EFF review, scheduled for the first quarter of 2025.

Notably, non-filers are on alert as the IMF has begun negotiations with the Federal Board of Revenue (FBR) regarding revenue targets, emphasizing enhanced revenue collection and meeting economic objectives, as reported by MM News on Tuesday.

An IMF delegation arrived in Pakistan on Monday to initiate discussions with the FBR on the country’s fiscal performance. Sources indicate that the IMF team will review Pakistan’s economic progress and engage in talks with key ministries.

The federal government has already briefed the delegation on its economic objectives and achievements for the first fiscal quarter, including tax collection, where Pakistan reached 96.6% of its target from July to September.

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