IMF says Pakistan talks ongoing, more work needed on structural reforms – Business

The International Monetary Fund (IMF) is holding open, constructive discussions with Pakistan as part of a sixth review of the country’s 39-month, $6 billion financing programme that began in 2019, IMF spokesman Gerry Rice said on Thursday.

Rice declined to say if disbursements under that programme had been halted but said further discussions were needed about Pakistan’s fiscal spending plans, structural reforms, particularly in the tax and energy sectors, and social spending.

IMF staff were unable to complete the talks during a recent mission, but the global lender remained “fully engaged” and aimed to resume the discussions in the period ahead, Rice told a regular IMF briefing.

“We stand ready to continue to support Pakistan,” he said. “As the recovery gains strength, it…