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IMF talks

Petroleum products’ prices hiked to prevent fiscal deficit: Qureshi

MULTAN: Foreign Minister Shah Mehmood Qureshi said on Sunday that the federal government has increased prices of petroleum products to prevent fiscal deficit, ARY News reported. "Cabinet had forwarded matters related to petrol to Economic Coordination Committee (ECC)," the foreign minister told reporters in Multan today. Lashing out at opposition leaders, Qureshi said that the present government was being blamed by the persons who had also reached out to International Monetary Fund (IMF). He reminded, "Pakistan…

Federal cabinet meeting summoned to discuss IMF talks, other issues

 ISLAMABAD: Prime Minister Imran Khan has convened a meeting of the federal cabinet on Thursday (tomorrow) to discuss an 11-point agenda including ongoing talks with the International Monetary Fund (IMF). According to details, the cabinet members will be taken on-board regarding the talks, currently taking place between the government and IMF for a possible bailout package. The ministers will also present their progress report on the government's 100-day plan and the PM will also be briefed on the performance of…

Second round of talks: Pak, IMF to engage in policy-level discussion from today

ISLAMABAD: The second phase of talks begins from Monday (today) as Pakistan and the International Monetary Fund (IMF) will engage in policy-level discussions. Harald Finger will head the IMF delegation for policy-level talks which will be carried out until November 20. The Pakistani delegation will include secretary finance, chairman federal board of revenue (FBR) and State Bank of Pakistan (SBP) Governor Tariq Bajwa among other officials. During the meetings, the Fund will review SBP’s financial independence and…

Pakistani mission departs for China to button up relief package

ISLAMABAD: A high-level team of Pakistani officials left for China on Thursday (today) to finalize a potential relief package for the country, sources privy to the matter said. The delegation will hold talks with Chinese counterparts to tie up a prospective economic package. Secretaries of finance, trade and planning, as well as the governor of the State Bank of Pakistan comprise the Pakistani mission. The visit of the mission is a follow-up to Prime Minister Imran Khan’s five-day visit to China last week. As per…

Bailout package: IMF, Pakistan talks to continue for second day today

ISLAMABAD: The Pakistani government and a technical team of International Monetary Fund (IMF) will resume their talks regarding a bailout package, on Thursday (today), for a second day in the federal capital.  According to sources, data regarding different sectors of the economy will be shared with the IMF delegation today. “The second phase of talks between Pakistan and IMF will commence from Monday and the discussion to focus on different policy matters,” sources added. A day earlier, talks were held in Islamabad…