As uncertainty regarding peace and security unfolds in the region, the International Monetary Find (IMF) review team returned from the federal capital after expressing satisfaction with Pakistan’s progress so far, The News reported on Tuesday.
However, they also highlighted the downside risks that Pakistan faces on a medium-term basis. The review mission convened a plenary session with Finance Minister Muhammad Aurangzeb and his economic team on Monday morning. It was decided that further negotiations would proceed online from Turkey.
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In a meeting with the Pakistani delegation on Friday, it was emphasised that without the continuation of structural reforms, Pakistan’s growth trajectory cannot be sustained.
This was the essence of the discussions between the two sides before the IMF review team departed from Islamabad for Turkey, where they will continue holding virtual talks.
This reporter had contacted the IMF last Saturday to inquire whether the review mission would complete its ongoing discussions in Islamabad on Monday. The IMF officials had responded that, at that stage, the mission would continue as planned.
