Govt scales back Kamyab Pakistan Programme after IMF’s objections
ISLAMABAD: The federal government has scaled back the Kamyab Pakistan Programme (KPP) in view of the objections raised by the IMF over the limit of guarantees for doling out a small loans’ scheme under the program.
IMF had suggested the government soften the launch of the KPP, however, the government decided to move ahead by phasing out the loan programme.
In the first phase, the KPP will be launched in the third week of September only in Khyber Pakhtunkhwa (KP) and Balochistan while this programme will be launched in January 2022 in Punjab and Sindh.
“Pakistan and the IMF are scheduled to hold virtual talks for the sixth review from September 29, 2021, and then Finance Minister Shaukat Tarin will conclude policy level talks in Washington, DC, as he will be attending the annual spring meeting of Breton Wood Institutions (BWIs) such as the IMF and World Bank by the mid of next month,” top official sources confirmed.