IMF mission will not be going to Pakistan

Karachi, Feb 2: The International Monetary Fund (IMF) mission is not coming to Pakistan due to security reasons and the fund would conduct the review of the economic performance of the country in Dubai.

The IMF and the government teams are scheduled to meet in Dubai for 10 days to discuss the economic performance and the targets envisaged in the IMF bailout package involving 7.6 billion dollars loans, The Nation quoted official sources, as saying.

The IMF and the Pakistan Government officials are scheduled to stay in Dubai from February 14-24 to discuss the economic performance, said sources.

The IMF officials are not coming to Pakistan this time due to security reasons and the fund and the government have decided to discuss the performance review in Dubai, they added.

A 6-7 members team of Pakistan Government, to be led by Prime Minister's Adviser on Finance Shaukat Tarin would depart for Dubai according to the mutually agreed schedule.

Governor State Bank of Pakistan Syed Salim Raza, Special Secretary, Ministry of Finance Dr Ashfaque H Khan, Secretary, MOF, Dr Waqar Masood and some other officials would hold talks with IMF on the economic performance.

Official sources said that the government had already achieved the key economic targets, set in the Stand-by Facility of the IMF for the second quarter of the ongoing fiscal.

ANI