ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar met with US Ambassador Donald Blome in an effort to resurrect a delayed bailout as the deadline for the ongoing IMF programme approaches.
Pakistan seeks US to stalled IMF program: According to a news release from the finance ministry, the minister gave him an update on the situation of the current negotiations with the IMF during their meeting. The administration was determined to completing the (IMF) programme, he informed the ambassador.
He told the US delegation that Pakistan valued strong, long-standing, and lasting bilateral ties with the US on the economic and commercial fronts.
Dar discussed the government’s economic aims and plans in order to overcome the difficult economic climate and put the economy on the path to stability and growth.
He briefed the US ambassador on the government’s budgetary initiatives to close the budgetary shortfall in order to fulfil both domestic and foreign financial commitments.
Aside from discussing topics of mutual interest, the two sides also discussed ways to strengthen their current bilateral ties.
The US Ambassador expressed confidence in the government’s plans and programmes for economic sustainability and the socioeconomic improvement of the majority during the event.
He pledged his support for further fostering bilateral trade, investment, and economic ties between the two nations.
Dar expressed gratitude to the US Ambassador and reaffirmed the government’s commitment to further strengthen bilateral trade and investment ties with the USA.
“Ongoing Discussions with IMF, No Breakdown in Pakistan’s Negotiations, Says Finance Minister”
The International Monetary Fund (IMF) and Pakistan’s discussions have not broken down, according to Finance Minister Senator Ishaq Dar, nor has the negotiation period ended.
Ishaq Dar, while speaking with the media a few days ago, stated that the ninth review of the IMF program would reach completion this month. “Our discussions with the IMF are ongoing, and they have not yet come to an end. They have already made the payment that Fitch had reservations about.
There is no problem with payments through June 30 and the Pakistan-IMF negotiations have not broken down. Up until June 30, we will make all required payments on time.
Before starting talks with the IMF, the finance minister argued that some people want Pakistan to become more like Sri Lanka. “Geopolitics to default Pakistan is in progress. The State Bank Act modifications are unbearable. The State Bank Act has also been modified, however it is not yet complete.
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