World

IMF's visit to Pakistan postponed

ANI | April 15, 2019 09:22 AM
Representative image

Islamabad [Pakistan], Apr 15 (ANI): International Monetary Fund (IMF) mission's visit to Pakistan for finalising a bailout package has been postponed until May.

"Both sides are still engaged in an intense conversation on the final details of that full agreement. So, the IMF mission is now more likely to visit Islamabad in May, not April," a government source, who did not want to be identified, told The Dawn.

Last month, Pakistan's Finance Minister Asad Umar had announced that the mission would visit Islamabad in April to sign an agreement.

However, the IMF, during spring meetings with Umar last week, had expressed its reservations over China's financial assistance to Pakistan.

The IMF has asked Islamabad to share details of loans that it has received from Beijing. It has also asked for a written guarantee from Pakistan and China that IMF assistance will not be used to repay loans to China, reported Express Tribune.

Besides these, the mission has also asked Islamabad to make State Bank completely independent.

Notably, it will be the 14th package with the IMF, if released. The Imran Khan government has professed that previous bailout packages could not be fully implemented owing to the conditions they came with.

Umar is expected to visit China later this month to discuss the IMF's concerns over the China Pakistan Economic Corridor (CPEC). (ANI)

Have something to say? Post your comment
Must Read
Jalandhar Rural police busts gang of notorious vehicle snatchers
Jalandhar Rural police busts gang of notorious vehicle snatchers
Lok sabha elections 2019: Filing of nominations from April 22
Lok sabha elections 2019: Filing of nominations from April 22
CEO writes letter to PS Transport for issuance of advice to public and private bus service providers to stick to model code of conduct
CEO writes letter to PS Transport for issuance of advice to public and private bus service providers to stick to model code of conduct
Congress candidate Chaudhary Santokh Singh kicks off his campaign in Jalandhar (West) constituency
Congress candidate Chaudhary Santokh Singh kicks off his campaign in Jalandhar (West) constituency
She can’t be sane, says Capt Amarinder after Sadhvi Pragya’s repulsive remark on late IPS officer Hemant Karkare
She can’t be sane, says Capt Amarinder after Sadhvi Pragya’s repulsive remark on late IPS officer Hemant Karkare
DC and CP finalise arrangements at DAC for smooth nomination process
DC and CP finalise arrangements at DAC for smooth nomination process
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
This election is referendum on Modi’s non-performance: Manish Tewari
This election is referendum on Modi’s non-performance: Manish Tewari
Equity indices close in the red, Jet plunges over 32 pc
Equity indices close in the red, Jet plunges over 32 pc
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Vigilance nabs revenue Patwari, private person for taking bribe
Vigilance nabs revenue Patwari, private person for taking bribe
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal