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IMF mission begins review sans finance minister
• Govt faces tough task as it seeks flood-related relaxations
• Fund questions use of emergency funds, delays in governance reforms
• $1bn tranche hinges on progress in review talks
ISLAMABAD: An International Monetary Fund (IMF) review mission began its work simultaneously in Karachi and Islamabad on Thursday, holding discussions with authorities on mixed programme performance without the customary opening engagement with Minister for Finance and Revenue Muhammad Aurangzeb, who is currently on a visit to the United States.
Sources said the introductory meeting with Mr Aurangzeb, initially scheduled for Sept 25, has now been moved to Monday (Sept 29) in his absence. In the meantime, two IMF teams — one dealing with monetary policy and the other with fiscal policy — are engaged with the State Bank of Pakistan and federal government entities.
The mission is expected to........
© Dawn Business
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