Finance Minister Ishaq Dar has given yet another date for inking the deal with the International Monetary Fund. This time, according to his hopes, the agreement would be signed in the \u201cnext few days\u201d.
\n\u201cWe seem to be very close to signing the staff level agreement [with IMF] hopefully Inshallah in the next few days,\u201d Finance Minister Ishaq Dar said at a ceremony in Islamabad.
\nHe admitted that the process of the ninth review \u201ctook longer than it should have\u201d while vowing that he and his team would complete the IMF programme.
\nDar said: \u201cI and my team have decided that, in a short period of time, we will implement and we will discharge all the sovereign commitments that the previous government had made.\u201d
\nHowever, the minister went on to say, the government had realised that these obligations were not made by an individual but by the sovereign state of Pakistan and decided to honour the commitments.
\n\u201cWe have been in the process of the 9th review which has taken longer than it should have [\u2026] we seem to be very close to signing the staff-level agreement, hopefully in the next two days,\u201d Dar added.
\nThe agreement with the IMF on the completion of the ninth review of a $7bn loan programme \u2014 which has been delayed since late last year over a policy framework \u2014 would not only lead to a disbursement of $1.2bn but also unlock inflows from friendly countries.
\nThe prerequisites by the lender are aimed at ensuring Pakistan shrinks its fiscal deficit ahead of its annual budget around June.
\nPakistan has already taken most of the other prior actions, which included hikes in fuel and energy tariffs, the withdrawal of subsidies in export and power sectors, and generating more revenues through new taxation in a supplementary budget.<\/p>\n","protected":false},"excerpt":{"rendered":"
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