Pakistan to hold IMF talks in Washington
Monday, April 15th, 2013 8:43:14 by Tahir Khan
A high level Pakistani delegation is scheduled to leave for United States on April 16, to attend annual mandatory spring talks with IMF and World Bank.
Advisor to Prime Minister on Finance, Dr. Shahid Amjad Chaudhry will head the delegation.
The visit was announced hours after the Dr. Chaudhry was appointed advisor on Finance.
Secretary Finance Division, Secretary Economic Affairs Division, Governor State Bank and Chairman Federal Board of Revenue will be the part of the delegation.
The Pakistani delegation will meet Finance Ministers of a number of other countries.
Visits to U.S State Department, U.S Treasury Department and meeting with Rating Agencies are also scheduled. The delegation is scheduled to return on April 22, 2013 after conclusion of talks.
The IMF extended Pakistan an $11.3 billion loan package in November 2008 to avoid a balance of payments crisis, but Pakistan gave up the deal in 2011. Pakistan was not ready to introduce tough financial reforms.
Islamabad has returned over $2 billion in loans to the IMF.
The IMF is asking Pakistan to reduce its large budget deficit to bolster the struggling economy.
Tags: Pakistan-IMF, Shahid Amjad Chaudhry, State Bank of Pakistan, U.S State Departmen, U.S Treasury Department
Short URL: https://www.newspakistan.pk/?p=39913
Posted by Tahir Khan
on Apr 15 2013. Filed under Business, Latest News, National, Pakistan.
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