Esther Perez Ruiz – BOL News Staging

The IMF review mission will be led by Nathan Porter.
The review mission will visit Pakistan under standby agreement.
Economic review will be conducted under $3b standby arrangement. Program.

ISLAMABAD: A review mission of the International Monetary Fund (IMF) will visit Pakistan from November 2 and review the economic performance of the first quarter.

According to IMF representative Esther Perez Ruiz , the review mission will be led by Nathan Porter and the review mission will visit Pakistan under the standby agreement.

Sources said that during the mission’s visit, an economic review will be conducted under the $3 billion Standby Arrangement Program.

The IMF mission will review the economic performance of the first quarter, and the IMF will be briefed on the economic performance from July to September.

According to the sources, if the review mission is satisfied with Pakistan’s actions, it will recommend the release of the next installment of the loan.

In the light of the review mission’s recommendation, the IMF Executive Board will approve the release of $710 million in December.

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IMF Representative Esther Perez Ruiz met with PPP’s finance team
PPP extended its support for program in wider interest of country.
IMF seeking support from political parties in new loan program.

ISLAMABAD: A delegation of the International Monetary Fund (IMF) held a meeting with the economic team of the Pakistan People’s Party (PPP).

Meanwhile, the PPP extended its support for the program in the wider interest of the country.

IMF Representative Esther Perez Ruiz met with the People’s Party’s finance team. Federal Minister for Commerce Naveed Qamar and Saleem Mandviwala were included in the delegation of the People’s Party.

The purpose of the meeting was to discuss the standby agreement between Pakistan and the IMF. According to the declaration of the Ministry of Commerce, the delegation of the People’s Party has expressed its willingness to support the program in the national interest.

The talks between the IMF representative and the finance team of the People’s Party are being seen as a positive step towards economic reforms and stability in Pakistan.

Commerce Minister Naveed Qamar, representing the finance team, recognized the importance of the standby agreement and expressed his commitment to work closely with the IMF to ensure the implementation of the program.

Meanwhile, the IMF representative for Pakistan said in a statement that Esther Perez Ruiz is contacting Pakistan Tehreek-e-Insaf, Pakistan Muslim League-Nawaz (PML-N), and Pakistan People’s Party, seeking support from political parties in the new loan program of three billion dollars.

The IMF said that the purpose of the contacts is to get support for the continuation of the policies and IMF wants to inform the political government about the policies now after the next election. The approval of Pakistan’s loan program is to be given in the executive board meeting in a few days.

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IMF review mission likely to visit Pakistan on Nov 2

IMF delegation meets with PPP’s economic team

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