Islamabad:The IMF will send its team to Pakistan next week to hold talks for the release of USD 710 million second tranche of a USD 3 billion loan to the cash-strapped country to stabilise its debt-ridden economy, media reports said on Wednesday.
A clarity on next general elections date can further strengthen the hands of the Ministry of Finance during the upcoming review talks for the July-September period of this fiscal year, although the International Monetary Fund (IMF) has not explicitly attached any such condition.
“The IMF team led by Nathan Porter will field a mission to Pakistan starting on November 2 on the first review under the current Stand-By Arrangement (SBA) of USD 3 billion,” Esther Perez, the resident representative of the IMF, was quoted as saying by the Express Tribune newspaper.