Islamabad. Pakistan Prime Minister Shehbaz Sharif has sent a letter to the International Monetary Fund (IMF) requesting it to send its review mission to the federal capital next week. This information has been given in media reports. As per reports, the government has concluded that there is no other option but to revive the IMF program on an urgent basis, so we have decided to invite the IMF.
According to Geo News, for the second consecutive day, this decision was taken during the high-powered meeting of the economic team under the virtual chairmanship of Prime Minister Shahbaz. A day earlier, Shehbaz had given permission to break the impasse and release the one billion tranche under the seven billion Extended Fund Facility (EFF) to complete the pending ninth review required by the IMF to implement tougher rules.
Sources confirmed that the finance secretary has sent a written request to the IMF to send its review mission and the lenders are expected to respond positively. The economic team led by the Prime Minister finalized a comprehensive economic and fiscal framework and the attached terms of the IMF. It will be implemented after concurrence with the fund mission.
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