*ISLAMABAD – Finance Minister Asad Umar is scheduled to attend the annualmeeting of the World Bank and the International Monetary Fund in Indonesiaon October 9, Tuesday. *
Finance Secretary Arif Ahmed Khan, State Bank Governor Tariq Bajwa, andother officials will accompany him. The two sides will discuss Pakistan’seconomic situation and the conditions of the loan.
Earlier this month, an IMF mission led by Harald Finger visitedPakistan. They met Asad Umar and his team, and shared its initialassessment of the economy.
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The mission, in its evaluation, highlighted imminent challenges facingPakistan’s economy including fiscal deficit, current account deficit, lowlevel of reserves, accumulation of losses in public sector enterprises,non-execution of structural reforms, weakening of institutions and lack ofdomestic resource mobilisation, according to the ministry spokesperson.
