Talks with IMF in final stages: Finance Minister
He spoke to the media in Tarnol near Islamabad.
(Web Desk) - Finance Minister Asad Umar said that the talks with the International Monetary Fund (IMF) are in final stages.
Talking to the media in Tarnol near Islamabad, he said the government will have further negotiations with the newly appointed IMF mission before reaching an agreement.
The Finance Minister said the new IMF Mission Chief for Pakistan has been nominated who is due to arrive in Islamabad on 26th of this month. He will hold meetings with the Ministry of Finance and the State Bank of Pakistan.
Asad Umar said after the annual meetings of the World Bank and the IMF in Washington next month, negotiations will be held with the IMF Mission for the final agreement.
Replying to a question, the Minister made it clear that the agreement on deferred payment of oil was made with Saudi Arabia and not the UAE. However, he said three billion dollar deposit facility by UAE is in place and Pakistan has already received two billion dollars of it.
