Pakistan’s interim govt, IMF agree on backup steps in review talks

Islamabad: Pakistan’s caretaker government and the IMF have reached a consensus on backup measures to be activated by the year’s end if significant deviations from fiscal and monetary objectives threaten the broader aims of the ongoing USD 3 billion bailout to the cash-strapped nation, according to a media report on Friday.

Informed sources told the Dawn newspaper that a visiting mission of the International Monetary Fund (IMF) and the Pakistani authorities would be concluding technical-level discussions on Friday.

It will involve an exchange of the latest data, not only limited to the end-September quarterly performance, and queries and clarifications on all macroeconomic areas and their forward-looking outcomes, the report said.

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