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Pakistan Is Decided Talk To IMF For Package Revival

ISLAMABAD: The new government has decided to resume talks with the International Monetary Fund (IMF) in Washington from tomorrow, citing sources (B-TRAMS) reported on Sunday.

According to sources, negotiations with IMF officials will begin from the point where it had been suspended.

Pakistan will formally announce restoration of the IMF programme after which the IMF will decide about US dollar one billion tranche of the IMF bailout, sources said.

The new government’s reservations will also be discussed in the fresh round of talks.

The government sources earlier said that Pakistan will work with the IMF to stabilise the economy.

The dialogue is expected to focus over subsidies, amnesty and new conditions, sources said.

Top government officials are expected to participate virtually in the upcoming talks, according to sources.

Prime Minister Shehbaz Sharif’s new government has yet to take decision about the new federal cabinet and the finance minister who will lead Pakistan’s side in crucial talks with the IMF for revival of $6 billion programme that went into jeopardy after former government decreased energy prices, despite an agreement with the lender for the opposite.