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IMF reviews Pakistan’s economic progress for releasing $550m loan

ISLAMABAD: The policy-level dialogue between the Government of Pakistan and International Monetary Fund (IMF) for release of $ 550 million loan by the IMF has entered a final phase, ARY News reported Thursday.

In a meeting in Dubai, Finance Minister Ishaq Dar told during a briefing on Pakistan’s economic progress that growth rate will remain 4.1 percent in the current fiscal year.

Besides, talks were also held on energy, tax reforms and privatization in the upcoming budget. IMF’s mission head in Pakistan, Jaffery Frank, praised Pakistan for its efforts.

IMF will release its tranche of $550 million after assessing Pakistan’s economic performance.                                                                                                                                                                                                                                                                                                   

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