Progress in virtual talks, agreement between Pakistan and IMF likely to be reached this week IV News

Islamabad: A lot of success has been achieved in the mock talks between Pakistan and the IMF, the IMF has expressed its satisfaction with the steps taken by Pakistan and given the green signal for the staff agreement.

Finance Ministry sources say there has been positive progress in Pakistan-IMF mock talks after Pakistan has fulfilled the conditions of the IMF pre-measures and the IMF has expressed satisfaction with the pre-measures. this week.

Sources say that due to the improvement of foreign exchange reserves, the last condition of IMF has also been fulfilled, due to revolving loans of China, the foreign exchange reserves have improved, while the packages announced by other friendly countries for Pakistan have also been fulfilled. Implementation is likely soon.

Sources say that after the signing of the Staff Agreement with the International Monetary Fund, the matter will be presented at the meeting of the Executive Committee of the International Monetary Fund for the approval of the ninth economic review and the next installment of one billion ten million dollars for Pakistan. approval, the IMF will also be on track with the release of the next installment to Pakistan.