ISLAMABAD – Finance Minister Asad Umar said that talks with theInternational Monetary Fund (IMF) are in final stages, the Radio Pakistanreported.
Talking to media in Tarnol near Islamabad, he said the government will havefurther negotiations with the newly appointed IMF mission before reachingan agreement.
The Finance Minister said the new IMF Mission Chief for Pakistan has beennominated who is due to arrive in Islamabad on 26th of this month. He willhold meetings with the Ministry of Finance and State Bank of Pakistan.
Asad Umar said after the annual meetings of World Bank and IMF inWashington next month, negotiations will be held with the IMF Mission forthe final agreement.
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Replying to a question, the Minister made it clear that the agreement ondeferred payment of oil was made with Saudi Arabia and not the UAE.
However, he said three billion dollar deposit facility by UAE is in placeand Pakistan has already received two billion dollars of it.
