PTI govt’s positi­on remain­s comfor­table on six perfor­mance criter­iaISLAMABAD: Amid uncertain political situation, the International Monetary Fund (IMF) has dispatched a review mission to evaluate Islamabad’s performance on implementation of a bailout package, as Pakistan hopes to secure the next tranche of nearly $460 million. The government’s position remains comfortable on six performance criteria regarding fiscal and monetary targets and two continuous performance criteria set for July-September 2019 period. “Our headquarters in Washington DC has approved the dispatching of a review mission to Pakistan for the next two weeks,” the IMF’s Resident Representative Teresa Daban Sánchez said in response to a query. The IMF talks are scheduled to take place to review Pakistan’s performance for July-September quarterly targets. The IMF mission will review Pakistan’s performance against six performance criteria related to Net International Reserves (NIR), Net Domestic Assets (NDA), net foreign currency swap position, primary budget deficit target, net government borrowing from the central bank and stock of sovereign guarantees issued by the government.

Source: The Express Tribune October 27, 2019 03:45 UTC