Islamabad: The Ministry of Finance has confirmed that the negotiations between Pakistan and the International Monetary Fund for the ninth loan program of 1 billion 10 million dollars have ended. During which the staff level agreement could not be reached and the IMF asked for more time for it.
According to the sources, the head of the IMF’s review mission had a meeting with Prime Minister Shehbaz Sharif through video link in which matters were discussed and Shahbaz Sharif approved the matters.
Announcement of the Ministry of Finance
According to a statement issued by the Ministry of Finance, talks between Pakistan and the IMF have ended, and a staff-level agreement with the review mission could not be reached, which will take place after Washington’s approval. According to the announcement, the IMF delegation will leave in the morning, the IMF has handed over the IMFP to Pakistan.
According to the declaration, some issues between Pakistan and the IMF are pending settlement, the decision on which will be with the approval of Washington. Pakistan and IMF agreed on action and advance measures.
According to a Finance Ministry statement, the IMF’s review mission has sought time for the staff-level agreement subject to Washington’s approval. After Washington’s declaration, Ishaq Dar will announce the success of the negotiations in a press conference.
