Pakistan to sign loan deal with IMF this week, says Tarin

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ISLAMABAD – Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin revealed on Monday that an agreement with the International Monetary Fund (IMF) will be signed this week as all issues have been resolved.

Addressing the launch ceremony of the Pakistan Single Window (PSW), an ambitious, wide-ranging and comprehensive reform initiative undertaken in the public sector in recent years, Tarin said that the government was making efforts to provide relief to public.

Last month, the finance advisor was in Washington to lead talks with the IMF for the revival of the $6 billion Extended Fund Facility (EFF). However, the agreement could not be signed due to dispute over some conditions introduced by the global lender.

Tarin has reaffirmed to provide an enabling environment to the businesses including small and medium enterprises for growth and innovation in the country.

“We consider Pakistani business community as the biggest asset,” he said, adding that the emerging entrepreneurs and industrialists will shape the future of Pakistan.

Regarding PSW project, Tarin pointed out that it will provide a comparative advantage to business community to explore new international markets and boost exports.

Shaukat Tarin said the government is actively pursuing the agenda of making Pakistan hub of regional trade and transit, state broadcaster reported.

The Advisor on Finance said the single window will boost our capacity to promote regional trade and help counter financial crimes including money laundering.

Read more: https://pakobserver.net/news-about-failure-of-imf-pakistan-talks-denied/

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