Federal government takes important decision over IMF talks

Federal government takes important decision over IMF talks

The new government has decided to resume talks with the International Monetary Fund (IMF) in Washington from tomorrow.

According to sources, negotiations with IMF officials will begin from the point where it had been suspended.

Pakistan will formally announce restoration of the IMF programme after which the IMF will decide about US dollar one billion tranche of the IMF bailout, sources said.

The new government’s reservations will also be discussed in the fresh round of talks.

The government sources earlier said that Pakistan will work with the IMF to stabilise the economy.

The dialogue is expected to focus over subsidies, amnesty and new conditions, sources said.