IMF seeks briefing on SIFC’s role - News Summed Up

IMF seeks briefing on SIFC’s role


ISLAMABAD: The International Monetary Fund (IMF) has sought a briefing from the Finance ministry on the Special Investment Facility Council (SIFC). Sources said that technical level discussions are being continued between Pakistan and the IMF staff mission. In addition, the Finance ministry also shared proposals to bridge the external finance gap with the IMF team. Sources said that the IMF team and finance ministry during the technical level negotiations also reviewed government guarantees, Central Bank Loans and External Payments. It was revealed that the burden of government guarantees was also reduced to Rs 3.85 trillion from Rs 4.048 trillion.


Source: Pakistan Today November 09, 2023 14:04 UTC



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