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IMF team leaves sans staff-level agreement

ISLAMABAD: Even after ten days of negotiations with IMF Pakistan side failed to convince the global lender to sign a staff-level agreement.

The team left Pakistan asking for more time to reach an staff-level agreement.

However, Secretary Finance asserted that an agreement has already been struck with the IMF.

Finance Minister Ishaq Dar was due to hold a press conference for the much-awaited resumption of the programme, however, no official announcement was made by the financial czar.

Meanwhile, in a statement, the finance secretary, without giving further details, said that “an agreement has already been struck with the IMF on prerequisite measures”.

Confirming that the parleys had been completed Secretary Finance stated: “The negotiations with the IMF have been completed. The IMF has handed over the MEFP [Memorandum of Economic and Financial Policies] document [to Pakistan].

Newspakistan.tv

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.