IMF delegation is expected to arrive today in Islamabad.
The delegation of the International Monetary Fund (IMF) is arriving for talks on a bailout package.
The IMF delegation will be in the country for two weeks.
According to the sources, during the first phase of visit, IMF’s technical team will hold talks with Pakistani officials. Pakistan will inform the money watchdog (IMF) about the country’s economic needs.”
The meetings will be attended by Finance Minister Asad Umar and heads of the Finance Bureau of Revenue and State Bank of Pakistan (SBP).
IMF spokesperson Gerry Rice had earlier said the fund’s executive board will be sent for talks on a staff-level agreement.
Pakistan had formally approached IMF in October for loans.
Last month, IMF chief Christine Lagarde had said that she met with Finance Minister Asad Umar, SBP Governor Tariq Bajwa and members of their economic team during which Pakistan formally requested for financial assistance.
Christine Lagarde said, “During the meeting, they requested financial assistance from the IMF to help address Pakistan’s economic challenges.”
Christine Lagarde further said, “An IMF delegation will visit Islamabad in the coming weeks to initiate discussions for a possible IMF-supported economic programme.”