The PTI government is going to avail the 19th International Monetary Fund (IMF) programme, confirms Finance Minister Asad Umar on Wednesday.
“We are going to take 19th IMF programme. However, this would be the last IMF programme of Pakistan,” the finance minister said, while speaking to a private news channel.
“We never wanted to approach the IMF. Nonetheless, this is the first time, IMF presented before us complete requirements,” the minister said. The talks with an IMF delegation were underway and the situation would become clear in the next few days, he added.
On Tuesday, the finance minister held a meeting with IMF delegation for bailout talks. He apprised the delegates of corrective measures being taken to remove imbalances in the economy.
Asad said that the government intends to introduce structural and institutional reforms for a turnaround in the economy.
Talks between Pakistani officials and the IMF will continue until November 20.