Canada Global(Web News)Policy-level negotiations between Pakistan and the IMF for the next tranche of $710 million will begin today. Special Investment Facilitation Council (SIFC) officials will brief the IMF on the first day of policy-level talks.
In the talks, there will be a detailed discussion regarding the expected direct investment under SIFC, tax concessions on investment under SIFC and other issues will also be considered.
According to Finance Ministry sources, Pakistan’s economic team will be led by Caretaker Finance Minister Dr. Shamshad Akhtar in the policy-level talks, while the IMF review mission will be headed by Mission Chief Nathan Porter.
Earlier in technical level discussions, FBR has satisfied the IMF mission on tax revenue, similarly IMF is satisfied on power sector.
A policy statement will be issued after the conclusion of the policy-level talks and the Finance Ministry officials are hopeful that the economic review will be successfully completed in the policy-level talks with the IMF.
According to the sources, as per the schedule, the negotiations of the economic team with the IMF mission will be completed by November 15, after which it is expected to be approved by the IMF board in December. It is expected that the IMF will release the next installment.
