Finance Minister Miftah Ismail on Wednesday told the International Monetary Fund (IMF) that the government understood the current economic crisis and agreed that it would have to take “tough decisions” while mitigating the effects of inflation on middle to low-income groups. Earlier today, the government began talks with the Fund over the release of a $1 billion tranche under an Extended Fund Facility, a process slowed by concerns about the pace of economic reforms in the country. The talks are being held in the Qatari capital Doha, the Ministry of Finance said, and are expected to continue into next week. However, the finance minister, Minister of State Dr Aisha Ghous Pasha, Finance Secretary Hamed Yaqoob Shaikh, State Bank of Pakistan (SBP) Acting Governor Dr Murtaza Syed, Federal Board of Revenue (FBR) Chairman Asim Ahmad and other officials from the Finance Division participated in the talks virtually. handout said…
Source: dawn.com
