Federal Minister for Finance Abdul Hafeez Shaikh and his economic team would leave for US today (Tuesday) for talks with the International Monetary Fund (IMF) officials for new stand-by programme for next fiscal year.
“The government will start negotiations with the International Monetary Fund for getting fresh stand-by programme for next fiscal year 2011-12 aiming at easing the payments of the payments on the foreign loans in the coming financial year”, said a senior government officer.
The IMF mission would be visiting Pakistan in May this year again to assess the economic performance for the fifth review on the performance benchmarks agreed during the March visit.
The last two tranches of the loan, worth $3.3 billion, were suspended after Pakistan failed to introduce RGST.
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