According to Business Recorder on Tuesday, Pakistani officials are in contact with the International Monetary Fund over the sixth review of the Extended Fund Facility (EFF) programme.
According to Teresa Dabán Sanchez, the International Monetary Fund’s (IMF) Resident Representative in Pakistan, the two parties are engaged in technical and data talks for the purpose.
“We remain ready and look forward to our continuing conversations with Pakistani authorities on the set of policies and reforms that may form the foundation for the conclusion of the 6th review under the EFF,” she told the reporters.
Sanchez added that no statement could be made until the discussions were completed, but the news report cited Ministry of Finance sources as saying that the Minister of Finance, Shaukat Tarin, and the Finance Secretary have been holding closed-door discussions via video conference with the IMF team in Washington.
Minister Tarin is also expected to go to Washington from the 11th to the 17th of October for the World Bank and IMF’s annual meetings.
He is optimistic that he would be able to persuade the IMF team to agree to a different strategy for the electricity industry than what was approved in February.