Pakistan and IMF policy level talks will be held from today (Monday) as technical discussions have concluded.
Harald Finger will lead the delegation for IMF policy-level talks which are scheduled to take place till 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 discussions, IMF policy for Pakistan will review Pakistan’s monetary and fiscal policies as well as its monetary needs in keeping with the current account deficit.
The international monetary fund will also review SBP’s financial independence and FBR’s performance.
According to sources, International Monetary Funds may recommend measures to increase exports, boost the power sector and increase tax receipts.
Further, sources said that Pakistan may ask IMF for up to $6 billion.
The IMF team arrived in Pakistan on November 7. During the technical talks between Pakistan and the International Monetary fund, data pertaining to performance in various sectors was presented. The meeting took place from November 7 to November 9.
Pakistan had formally approached IMF in October for loans.
Last month, IMF chief Christine Lagarde had said that she met Finance Minister Asad Umar, SBP Governor Tariq Bajwa and members of their economic team during which Pakistan formally requested for financial assistance.