| GEO Business|
| IMF delegation due today|
| Updated at: 1031 PST, Friday, April 09, 2010|
ISLAMABAD: A two-member International Monetary Fund (IMF) delegation led by Adnan Mazarei, assistant director, Middle East and Central Asia Department is arriving in Islamabad today (Friday) to discuss next installment of $1.2 billion.
The delegation is expected to meet Adviser to the PM on Finance Dr Hafeez Sheikh, the State Bank governor, the FBR chairman and the political leadership.
IMF is concerned that Pakistan might miss the budget deficit target of 5.1 percent of the GDP agreed with the IMF, due to the emergence of unforeseen expenditures regarding financial loss on wheat exports and wheat procured by the government last year. Government sources said subsidy issues related to the overstretched expenditures had jeopardised the IMF programme.