Aurangzeb kicks off talks with IMF mission
The government on Tuesday reiterated its commitment to continue implementing agreed structural reforms as Pakistan and the International Monetary Fund (IMF) formally kicked off negotiations for the fourth review of the USD 7 billion Extended Fund Facility (EFF) and the third review of USD 1.4 billion Resilience and Sustainability Facility (RSF). Finance Minister Muhammad Aurangzeb held a virtual kick-off meeting with the visiting IMF staff mission led by Iva Petrova and briefed the Fund team on the latest macroeconomic developments, improvements in Pakistan’s credit ratings and the overall investment climate.