ISLAMABAD - Crucial policy-level talks between Pakistan and the International Monetary Fund (IMF) started on Monday as Islamabad is looking for the second tranche worth of $710 million under the $3 billion standby loan programme. The FBR has shared its plan with the IMF regarding tax collection in the ongoing financial year. The IMF had approved a nine-month stand-by arrangement (SBA) for Pakistan worth $3 billion in July this year. Pakistan had received one tranche $1.2 billion in July 2023. An official informed that Pakistan would receive the second tranche as it has already met the conditions.

Source: The Nation November 14, 2023 08:12 UTC