IMF team briefed about recent developments

The International Monetary Fund (IMF) mission held a meeting with the advisor on finance Dr Hafeez Sheikh, Governor State Bank of Pakistan (SBP) Dr Reza Baqir and high-ups of Federal Board of Revenue (FBR) and later on a plenary meeting with the government economic team Finance Secretary Special Secretary Finance, officials of power sector, privatization, petroleum, Benazir Income Support Program (BISP), FBR, and SBP on recent developments, policy plans and programme overview, according to sources.

The advisor stated that the government also provided a Rs 7 billion subsidy at utility Store Corporation to provide relief to the poor and is providing subsidy on electricity to 72 percent consumers. The talks with the IMF, according to sources, would conclude on February 13, 2020 subsequent to discussion on memorandum of Economic and Financial Policies.