Today, the IMF mission and Pakistan's economic team are set to conclude the crucial negotiations for the release of the final $1.1 billion tranche under a loan agreement, as they meet for the final round of talks.
With significant topics on the agenda, including pensions, salaries, climate financing, and monetary policy, both parties aim to reach consensus on key economic reforms and initiatives. Asset declarations of officers and negotiations with provinces are also scheduled for today, sources said.
Sources close to the negotiations also revealed that the IMF will discuss with the provinces a wide range of subjects, including fiscal operations, debt management, and commodity schemes. Additionally, negotiations with the provinces are scheduled to address issues related to fiscal decentralization and regional economic policies.
Furthermore, the visiting delegation is expected to engage in talks with the economic team regarding health and education spending, as well as revenue generation strategies to bolster Pakistan's fiscal position. Discussions on the forex market, changes in the budget process, and institutional reforms are also slated for deliberation.
The negotiations will also focus on real estate regulations, asset declarations of officers, and measures to combat money laundering, underscoring the commitment to financial transparency and accountability.
However, sources have indicated that the IMF delegation has expressed dissatisfaction with certain aspects of the country's economic roadmap, particularly a roadmap for external financing and the slow pace of institutional reforms. The Fund has, though, expressed satisfaction with other economic measures.
The sources also say that in the event that negotiations are not concluded today, there is a possibility of a brief discussion on Tuesday to finalize outstanding issues and reach a mutually beneficial agreement.
As Pakistan navigates the challenges of economic stabilization and growth, the outcome of these negotiations will play a pivotal role in shaping the country's fiscal policies and economic trajectory in the coming years. Stay tuned for updates as developments unfold in this critical phase of economic diplomacy.
No mention of Imran Khan during talks
Meanwhile, the sources also disclose that the talks between Pakistan's economic team and the IMF have not featured any mention of former prime minister Imran Khan. The mission chief has not even shown any desire to meet the PTI founder chairman yet, they added.
The sources further said Pakistan's political situation was not considered in the talks with the IMF, as the visit is not political but economic. The negotiations between the two sides have also not featured the election procedure, the sources added.
The IMF mission also did not comment on the current election results, sources
PTI had written to the IMF for an audit of the election results
IMF mission will not meet other political parties either, sources
