ISLAMABAD: The Ministry of Finance spokesperson has rebutted the news about failure of talks between Pakistan, the International Monetary Fund (IMF), under $6 billion Extended Fund Facility (EFF) for the release of the next tranche.
While reacting to the reports circulating regarding the failure of talks, Finance Ministry spokesperson Muzammil Aslam said that negotiations with the IMF will resume and the news of the failure of the talks is not true.
“Talks will resume uninterrupted on Monday with no deadline,” he added.
He further said that today dollar is equal to Rs170 and petrol is 138 per litre. “Earlier, the government was levying high taxes but today it is levying less while the Sindh government has not taken any decision on wheat issue.”
Earlier, the reports regarding the failure of talks between Pakistan and the International Monetary Fund were circulating.
Read more: Pakistan fails to strike agreement with IMF
The reports had said that the fresh round of talks from October 4 to 15 for the release of the $1 billion loan tranche remained inconclusive amid uncertainty over the future roadmap.
Finance Minister Shaukat Tarin, whose tenure expired on Friday, met with IMF managing director Kristalina Georgieva and US Assistant Secretary of State for South and Central Asia Donald Lu. However, the talks with the head of the financial institution remain futile.
