ISLAMABAD: The International Monetary Fund (IMF) will be sending a delegation to Pakistan by the end of this month to discuss the stalled ninth Extended Fund Facility review, an official said.
Islamabad is dealing with a severe economic crunch as the foreign exchange reserves and the Pakistani rupee have dropped to historic lows, with the government now eyeing to revive the bailout programme as it nears a default risk.
In a message to The News, IMF Resident Representative in Pakistan Esther Pérez Ruiz, said: “At the request of the authorities, an in-person Fund mission is scheduled to visit Islamabad January 31–February 9 to continue the discussions under the ninth EFF review.”
More to follow…
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