IMF chief Dominique Strauss-Kahn answering journalists' questions as his wife, French journalist Anne Sinclair, holds the microphone. Sinclair said on May 15, 2011 she does not believe “for one second” the accusations of sexual assault for which her husband was arrested in New York. - AFP Photo

KARACHI: Pakistan's talks with the International Monetary Fund over the release of a tranche in an $11 billion loan are going smoothly and were unaffected by the arrest of the head of the global lender, a senior finance ministry official said on Monday.

Pakistan and an IMF team are holding talks in Dubai until Wednesday.

When asked if the arrest of Dominique Strauss-Kahn for attempted rape in a New York hotel will have any impact on IMF operations in Pakistan or the loan talks, a senior ministry of finance official said “nothing to do with our work, which is going smoothly.”

The official declined to be identified owing to the sensitivity of the issue.

Strauss-Kahn makes his first appearance in court on Monday since being charged with trying to rape a hotel maid in a case that sent shockwaves through French politics and left the IMF in turmoil.

The IMF agreed to an emergency loan for Pakistan in 2008 and has $3 billion left to disburse.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Interest rate cut
Updated 11 Jun, 2024

Interest rate cut

The decision underscores SBP’s confidence that economic stability is gaining traction.
Rampant zealotry
11 Jun, 2024

Rampant zealotry

Decades of myopic policies pursued by the state have further aided the radicalisation of significant portions of the population.
Cricket breakdown
11 Jun, 2024

Cricket breakdown

THERE was a feeling that Pakistan had finally turned the corner in their T20 World Cup campaign. Sadly, it was only ...
Approaching budget
Updated 10 Jun, 2024

Approaching budget

Many are sceptical of the premier and finmin of translating their words into well-defined actions in the budget. Will they prove their doubters wrong?
A fresh start?
10 Jun, 2024

A fresh start?

After a decade of acrimony and mistrust, it is natural to tread carefully. But the ball is in India’s court. Backchannel and Track II diplomacy can be revived.
Hidden cams
10 Jun, 2024

Hidden cams

THE Digital Rights Foundation has drawn attention to a disturbing trend that seems to only be ballooning instead of...