Pakistan's Finance Minister Muhammad Aurangzeb has traveled to the United States with a delegation to initiate talks with the International Monetary Fund (IMF) for a new loan programme. Negotiations for a new bailout package will begin next week, with Pakistan formally requesting assistance from the IMF. There is a possibility of a meeting between Finance Minister Aurangzeb and IMF Managing Director Kristalina Georgieva. The economic team will also participate in the annual meetings of the IMF and World Bank.
ISLAMABAD – Finance Minister Muhammad Aurangzeb flew to the United States along with a delegation on Sunday to initiate talks with the International Monetary Fund for a new loan programme .
There is also a possibility of a meeting between Finance Minister Aurangzeb and IMF Managing Director Kristalina Georgieva. Earlier on Thursday, IMF chief Kristalina Georgieva stated that Pakistan was in discussions with the IMF on a potential follow-up programme to its nine-month $3 billion stand-by arrangement.
"There are very important issues to be solved in Pakistan: the tax base, how the richer part of society contributes to the economy, the way public spending is directed, and of course, creating ... a more transparent environment."
Pakistan Finance Minister IMF Loan Programme Negotiations Bailout Package Loan Request Meeting Economic Team Annual Meetings IMF World Bank
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