F.P. Report
ISLAMABAD: Prime Minister Imran Khan has summoned a meeting on Monday to receive briefing on the ongoing talks with the International Monetary Fund (IMF) and the amnesty scheme.
According to local news channel reports, the meeting will be held in the Prime Minister Office, which will be attended by Finance Advisor to the PM Abdul Hafeez Shaikh and his team, while members of the National Assembly and the federal cabinet will also be present on the occasion.
While quoting the sources from the Finance Ministry, news channel reported on Saturday that the particulars of a bailout package between the government of Pakistan and the IMF are likely to be announced on Monday.
As per details, the Pakistan-IMF talks, which are said to be in the final phase, resumed on Saturday (today) for a second day in Islamabad and would be carried out on Sunday as well, sources added.
The two sides had held talks in the federal capital on Friday, after which the Ministry of Finance claimed to have made “good progress” in their discussions. “Consultations will continue over the weekend,” it added.
The loan amount is expected to be around $6.5 billion for a three-year duration, while the interest rate will be increased by 200-basis point, as per sources.
