ISLAMABAD – Recently appointed Prime Minister’s aide on Finance and Revenue Shaukat Tarin has returned to US capital to join ongoing discussions with the global lender.
Spokesperson to the Finance Minister shared a tweet on Tuesday saying the adviser has returned to Washington DC. He also rejected media reports related to inconclusive talks.
IMF latest update: Mr. Shaukat Tarin, Adviser to the Prime Minister on Finance, has returned to Washington DC to join ongoing discussions with IMF. Media reports related to inconclusive talks are baseless. @FinMinistryPak
— Muzzammil Aslam (@MuzzammilAslam3) October 19, 2021
Meanwhile, IMF’s Middle East and Central Asia Department Director Jihad Azour said the talks between the International Monetary Fund and Pakistan on the Sixth Review of the $6 billion Extended Fund Facility (EFF) have progressed to a ‘very good step’.
Speaking with a leading daily, he said “The IMF mission to Pakistan and the authorities [Government of Pakistan] are currently in the process of the discussion around the Sixth Review of the [EFF] program”.
“The discussions are progressing around the various pillars of the program and the measures that the government of Pakistan is currently contemplating”, it further added.
Pakistan and IMF fail to strike deal once again under 6bn extended fund facility
Earlier, it was reported that the talks between the two sides failed due to differences in the macroeconomic framework.
Pakistan and the crisis lender held their latest talks in US capital from October 4 to 15 for the release of a $1bn tranche from a $6bn extended loan facility approved in 2019.
