Islamabad: Finance Minister Muhammad Aurangzeb departed for United States along with delegation in bid to negotiate with International Monetary Fund (IMF).

Sources divulged that negotiations between Pakistan and international lender were scheduled for next week. Negotiations between Pakistan and IMF are scheduled for next week, sources report.

According to sources, Pakistan will request IMF for new loan programme. Aurangzeb was also expected to meet with IMF Managing Director Kristalina Georgieva in Washington.

Few days back, Georgieva told an event at Atlantic Council think tank, that Pakistan was successfully completing its existing programme with IMF and its economy was performing somewhat better, with reserves now being built up.

"There is commitment to continue on this path, and country is turning to fund for potentially having a follow-up programme," Georgieva said, flagging issues that struggling South Asian nation still needed to address.

"There are very important issues to be solved in Pakistan: tax base, how richer part of society contributes to economy, way public spending is being directed and of course, creating-more transparent environment."

Published in The Daily National Courier, April, 15 2024

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