Dar to discuss loan plan with IMF

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ISLAMABAD, Oct 5: Finance Minister Ishaq Dar is set to review the implementation of the recently approved International Monetary Fund (IMF) programme for Pakistan when he meets the Fund officials in Washington the next week.

Dar will lead Pakistani delegation to the annual meetings of the World Bank and the IMF taking place in Washington from Oct 11-13.

As per the understanding reached with the IMF, the government has already started taking decisions to withdraw subsidies on power supply, privatise state-owned entities, and enhance revenue generation.

The finance minister will also meet key officials of the US State Department and Overseas Private Investment Corporation (OPIC).

Though the yearly meetings will start from Oct 11, a series of events is starting from Oct 7 in which top officials of World Bank and the International Monetary Fund will discuss world economy with government leaders, delegates, observers and civil society representatives.

The issues to be discussed include strengthening fiscal transparency standards and practices, improve government accounting, emerging markets, eradication of poverty, tax systems and monetary policies, development in the digital age, eurozone crisis, challenge of exiting from fragility, transition to open government in the Arab world, etc.

The detailed schedule of events has no mention of participation by Dar or any other Pakistani official.

During the course of annual meetings, the IMF will issue its report on World Economic Outlook. Pakistani delegation will also hold talks with the US government on issues related to economic cooperation between the two countries and US investment in Pakistan.

US Ambassador Richard Olson met the finance minister to review the proposed meetings.

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