PM meets IMF delegation in Islamabad

ISLAMABAD: Prime Minister Imran Khan on Tuesday met the delegation of International Monetary Fund (IMF) in the capital.

According to a statement issued by the Prime Minister House, Imran Khan met with IMF delegation led by IMF Director Middle East and Central Asia Jihad Azour.

The session deliberated on Pakistan’s economical condition, fiscal issues, and other affairs. Adviser Finance Abdul Hafeez Sheikh, Governor State Bank of Pakistan and the Secretary Finance were also present during the meeting.

Adviser Finance Abdul Hafeez Sheikh, Governor State Bank of Pakistan and the Secretary Finance were also present during the meeting.

As per the proposed schedule of the visit, it is a five-day official visit of IMF team, the delegation will remain in Pakistan until 20th September.

The IMF delegation will be briefed on the use of the first tranche of the $6 billion loans it has extended to Pakistan, tax revenue, the trade deficit, rupee value, new monetary policy and methods to improve non-tax revenue.

In July Pakistan entered into a three-year programme with the IMF. Under the programme, it will be given $6 billion over three years and must make major changes in the country. These changes include raising taxes and levies on items like gas and electricity.