Connect with us

Hi, what are you looking for?

Online Business Success

Reports related to inconclusive talks with IMF ‘baseless’: finance ministry


Spokesperson to the Finance Minister Muzzammil Aslam (L) and Adviser to Prime Minister on Finance and Revenue Shaukat Tarin. — Twitter/AFP/File
Spokesperson to the Finance Minister Muzzammil Aslam (L) and Adviser to Prime Minister on Finance and Revenue Shaukat Tarin. — Twitter/AFP/File
  • Spokesperson says Shaukat Tarin has returned to Washington DC to join ongoing discussions with IMF.
  • On Sunday, Tarin had dismissed reports that the talks between Pakistan and IMF have failed.
  • PM aide asserts that talks with Fund are headed “in a positive direction.”

Reacting to news reports regarding Pakistan’s policy-level talks with the International Monetary Fund (IMF) for the resumption of $6 billion Extended Fund Facility (EFF), Ministry of Finance Spokesperson Muzammil Aslam negated all reports, terming them as “baseless.”

Aslam wrote on Twitter: “Shaukat Tarin, Adviser to the Prime Minister on Finance, has returned to Washington DC to join ongoing discussions with IMF.”

On Sunday, the former finance minister Tarin had dismissed reports that the talks between Pakistan and IMF have failed, asserting that they were headed in a positive direction.

“The talks are continuing,” Tarin had told reporters, after addressing members of the Pakistani community at the consulate general in New York on Sunday night during which he had said the government was working hard for an inclusive and sustainable economic growth that benefits all segments of the society, especially the poor.

He came to New York on Friday from Washington where, besides the loan talks, he attended the annual meetings of the IMF and the World Bank, “I don’t know what’s the basis on which an impression has been given by some that the talks have failed — they are totally wrong,” he had said.

At this stage, the finance minister said that the final details were being worked out and the negotiations would conclude successfully.

Tarin had then informed the media that Finance Secretary Yusuf Khan was still in Washington pursuing the talks with IMF officials and that he was in contact with the Federal Board of Revenue (FBR) chairman as well as with him for any advice.

“There was an atmosphere of positivity and the next few days would show a productive outcome from the talks,” he had said.

Advertisement. Scroll to continue reading.

In this regard, Tarin had said his meeting with IMF Managing Director Kristalina Georgieva and other Fund officials were also very “useful and positive.”

“The nation shouldn’t be disillusioned by some unfounded negative reports,” the finance minister added.

Asked whether the IMF was demanding that Pakistan do more, Tarin had said that every banker would ask for more when someone applies for a loan. Pakistan, he said, had its red lines to protect its interests, although it has been made clear that the government would pursue the reform process for sustainable growth.



Source link

Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisement

Latest

Top Stories

Bitcoin (BTC) remains bullish but has “one more leg down” to complete before a resurgence, one trader argues. In an analysis on Nov. 10, popular...

Top Stories

The Bank of England and the United Kingdom finance ministry are planning to launch a consultation on the possible rollout of a central bank...

Technology

Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next. Play-to-earn is a new phrase that...

Social Media

eCommerce is set to play a major role in the holiday shopping rush this year, and Meta is looking to help businesses make the...

Top Stories

DOGE-1, the first crypto-funded mission to the moon, is set to launch early next year following a new partnership between two blockchain companies and...

Online Business Success

Special Assistant to the Prime Minister on CPEC Khalid Mansoor. File photo ISLAMABAD: Islamabad has made a request to Beijing to remove the stumbling...

Top Stories

Zimbabwe’s minister of information publicly dismissed ongoing rumors about the country considering the adoption of cryptocurrencies and Bitcoin (BTC). Rather, Minister Monica Mutsvangwa clarified...

Loan And Finance

This month, reinsurers, insurers, brokers, and clients can harness the power of the new STORM Guidance CyberProfiler tool, giving an ‘Attackers Eye View™’ of...

Advertisement

You May Also Like

SEO Guide

Want to rank in Google image search? Images that you use as a featured images when writing a post actually appear on Google Images...

Online Business Success

Carrying Credit Card Debt Isn’t Just Bad for Your Budget. It May Also Affect Your Health. The stress of carrying card debt through adulthood...

Technology

Sonos is one of the most popular wireless speaker brands in the world, and for good reason – its range of portable Bluetooth speakers,...

Blogging

In this post, I will discuss the top ten profitable blogging niches ideas for Adsense approval and high traffic. whether you use Blogger or...

Advertisement