Pak, IMF talks for release of $1b tranche on Oct 4

Breakthrough in Pak-IMF talks
Staff Reporter

The IMF has appointed a new country head for Pakistan ahead of high-stake talks for the release of $1 billion loan tranche and holding a comprehensive review of health of Pakistan’s economy under Article-IV.

Pakistan and IMF will hold staff-level discussions from October 4 to decide the thorny issues like further increase in electricity tariffs and approval of a highly controversial SBP Amendment Bill 2021 by the Parliament, the government sources told The Express Tribune.

The successful conclusion of the talks would facilitate immediate disbursements of $1 billion by the IMF and another $1.6 billion by the Asian Development Bank ($600 million) and the World Bank ($1 billion) over the course of the current fiscal year.

Previous articleCoca-Cola Foundation provides humanitarian aid to Afghan refugees
Next articleGold price surges to Rs96,600 per 10gm