The International Monetary Fund (IMF) has appointed a new country head for Pakistan ahead of high-stake talks for the release of $1 billion loan tranche and holding a comprehensive review of health of Pakistan’s economy under Article-IV. Finance Minister Shaukat Tarin has already announced to visit Washington from October 11 to 17 to hold talks with the top IMF management on sidelines of the annual meetings. Despite the changing global scenario, the IMF will accept the government’s programme and the review talks will be successful, said Dr Nadeem ul Haque, Vice Chancellor of Pakistan Institute of Development Economics and a former official of the IMF. Tarin said the IMF demanded that the government should increase Rs1.39 per unit price in June and Rs3.56 per unit in July. Sources said the IMF was asking to enforce the remaining pending increase to make the power sector financially viable.

Source: The Express Tribune September 22, 2021 05:48 UTC