After a long period of contemplation, the present government has at last chosen to execute most of the International Monetary Fund’s (IMF) requests, increasing the chances of the country “getting back on track economically” and accepting the upcoming IMF loan tranche.
On the second corresponding day, the meetings in between the demands of the IMF and Pakistan, Finance Secretary Hamed Yaqoob Sheikh, Federal Board of Revenue Chairman Asim Ahmad, and State Bank of Pakistan acting Governor Dr Murtaza Syed, came up amongst the negotiators of Pakistan.
According to those familiar with the situation, beneficial negotiations with the IMF about increasing the loan amount and terms were underway. Â
Throughout the initial meetings, Pakistan agreed to accept the majority of the IMF’s conditions. Â Pakistani officials have also approved dropping the subsidies and reducing the privatisation timeline. Â
