imf pakistan to hold final round of review on monday

ISLAMABAD: Finance Minister Ishaq Dar and International Monetary Fund’s (IMF) Harald Finger will hold a final round of review on policy matters on Monday under Extended Funds Facility (EFF) programme.Earlier, Pakistan and IMF completed the detailed deliberations for the 7th review under EFF in Dubai. Pakistan’s delegation was led by Finance Minister Senator Mohammad Ishaq Dar whereas the IMF team was led by Harald Finger at the talks, the Finance Ministry said in a press release here.The Finance Minister proposed that final round of discussion be held at Islamabad to which IMF authorities agreed. The details of the outcome of the talks would also be shared with the media on Monday, the ministry said.It may be mentioned that policy level talks between Pakistan and IMF started last week in Dubai where both sides discussed the 7th quarterly review under Extended Fund Facility (EFF).The successful conclusion of 7th review will enable the Fund to release next tranche of 550 million after the approval of its executive board by late June or early July. Pakistan has received 3.5 billion from the Fund in six tranches since September 4 2013 when the IMF board approved the three year extended arrangement under the EFF for about US 6.12 billion.