Talks with IMF are in remaining ranges: Finance Minister

Finance Minister Asad Umar says talks with the Worldwide Monetary Fund (IMF) are in remaining ranges.

Chatting with media in Tarnol near Islamabad, he talked about the federal authorities can have further negotiations with the newly appointed IMF mission sooner than reaching an settlement.

The Finance Minister talked about the model new IMF Mission Chief for Pakistan has been nominated who’s due to arrive in Islamabad on 26th of this month.

He’ll preserve conferences with Ministry of Finance and State Monetary establishment of Pakistan.

Asad Umar talked about after the annual conferences of World Monetary establishment and IMF in Washington subsequent month, negotiations will in all probability be held with the IMF Mission for remaining settlement.

Replying to a question, the Minister made it clear that the settlement on deferred price of oil was made with Saudi Arabia and by no means the UAE.

However, he talked about three billion buck deposit facility by UAE is in place and Pakistan has already obtained two billion {{dollars}} of it.