The schedule of the ninth review meeting under the Extended Fund Facilityloan program between Pakistan and the International Monetary Fund (IMF) isyet to be finalized, mainly due to the tough conditions of the Fund,official sources told ProPakistani.
Sources said that the ninth review meeting was originally scheduled forOctober 25th, but the talks could not start due to the tough conditions ofthe Fund to start review meeting. In October, IMF officials confirmed thatthe review meeting with Pakistani authorities is expected in the first weekof November.
Pakistani officials were hopeful that the talks with the IMF will kick offin the last week of November but both parties failed to finalize thetimeframe for starting the review meeting.
A senior official of the IMF has confirmed that officials of Pakistan andthe IMF are working to settle the issues before starting the talks. Theofficial said that the discussion on economic policies for a better targetfor the rest of the fiscal year with Pakistani authorities is ongoing.
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According to sources, the review meeting will begin formally once bothparties agree on the various targets for economic indicators. Pakistanrequires heavy financing to start the reconstruction and rehabilitationprocess in the flood-affected area, and it wants some relaxations from theIMF on a humanitarian basis
