The Ministry of Finance rejected on Thursday what it called speculationregarding the ongoing 7th review of the International Monetary Fund’s (IMF)Extended Fund Facility (EFF), saying that negotiations are “continuing asplanned”. The ministry said the two sides remain “engaged on a regularbasis” at a technical level through virtual meetings and data sharing.
The ministry added that the focus of negotiations under the current reviewhas been on agreed targets between the two sides, as well asrecently-announced relief and industrial promotion packages.
Days ago, Finance Minister Shaukat Tarin said the IMF had asked Pakistan toexplain how it would fund a $1.5 billion subsidy packagelinkannouncedby Prime Minister Imran Khan.
“There are no issues. We have given them details as to where the fundswould come from,” Tarin said, adding the IMF wanted details of theresources that would fund the subsidy in fuel and electricity, whichPakistan has frozen for the next four months until the new budget.
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The IMF said it will need to see the agreements of the dividends of StateOwned Enterprises (SOEs) as well as details of the spare funds the centralgovernment will get from provinces.
