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Friday Nov 18 2022
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Pakistan, IMF to 'expeditiously' finish technical engagement for fast-tracking bailout programme

A representational image of the International Monetary Fund (IMF) logo. — Reuters/File
A representational image of the International Monetary Fund (IMF) logo. — Reuters/File

  • IMF also indicates its willingness to "sympathetically view" targeted assistance for poor.
  • Finance ministry says IMF will firm up estimates for humanitarian assistance.
  • Ishaq Dar held a virtual meeting with IMF Mission Chief for Pakistan, Nathan Porter.


ISLAMABAD: Pakistan and the International Monetary Fund (IMF) will "expeditiously" finish their technical engagement as part of the ninth review of Pakistan's bailout programme, the Ministry of Finance said Thursday.

Federal Minister for Finance and Revenue Ishaq Dar held a virtual meeting with IMF Mission Chief for Pakistan, Nathan Porter.

"Engagement at the technical level shall be expeditiously concluded for proceeding with the 9th Review," the finance ministry said in a brief statement issued in this regard after the meeting.

The IMF indicated its willingness to "sympathetically view" the targeted assistance for the poor and vulnerable, especially flood affectees, according to the statement, which added that it would firm up estimates for humanitarian assistance and priorities for rehabilitation expenditure.

The IMF board in August approved the seventh and eighth reviews of Pakistan's bailout programme, allowing for a release of over $1.1 billion.