IMF staff holds unscheduled meeting with Pakistan

MG News | November 12, 2024 at 10:04 AM GMT+05:00

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November 12, 2024 (MLN): A delegation led by the International Monetary Fund (IMF) Mission Chief Nathan Porter had an initial meeting with the Minister for Finance and Revenue, Senator Mohammad Aurangzeb.

The meeting was also attended by the Minister of State for Finance, Ali Pervez Malik, the Governor of the State Bank, the Chairman of the Federal Board of Revenue (FBR), and senior officials from the Ministry of Finance.

The IMF staff is currently in Pakistan to discuss recent economic developments and assess the performance of the Extended Fund Facility (EFF) programme so far.

This mission was not part of the first review under the $7 billion EFF, which is scheduled for no earlier than the first quarter of 2025.

To note, the FBR collected Rs3,440bn during the first four months of fiscal year 2024-25 against the assigned target of Rs3,636bn, a shortfall of Rs196bn.

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