ISLAMABAD – International Monetary Fund has linked the revival of stalledloan programme of cash strapped country with the completion of allprerequisites in three weeks.
Reports in local media said the global lender told Islamabad to takeessential actions within three weeks for the revival of staff-levelagreement and release $1 billion tranche under the Extended Fund Facility(EFF).
After getting new directives, the country’s finance chief Ishaq Dar willhold a meeting with his economic team to chalk out a strategy to pave theway for the revival of the much need programme.
The new prerequisite tabled by the global lender includes additionaltaxation measures and pursuing structural reforms in the remaining periodof the Fund program, per reports.
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The two sides had engaged in several talks but could not finalise the ninthreview of loan programme amid a lack of clarity on flood-related financialrequirements.
