Minister of State for Finance, Aisha Ghaus Pasha has said that the government is holding virtual discussions with the International Monetary Fund (IMF) on a regular basis.
Talking to media after the Senate Standing Committee on Finance meeting, she said that a day ahead of the IMF going on official winter holidays, a virtual meeting was held with the Fund.
She added that the country would not default as US$3 billion from Saudi Arabia would hopefully materialise as things are in the process and discussions with the Fund are also progressing.
Additionally, she said that discussions for rollover and other issues are also being held with China.
She said that as soon as the winter holidays of the IMF will end, discussions would be restarted with them as clarity on some issues was achieved during the virtual meetings. Pakistan is waiting for 9th January’s Geneva donor conference where the IMF would also be present and the finance minister would hold a meeting with the IMF that would lead to more clarity.
The minister said that Pakistan would be in a better position after the donors’ conference to know how much funds would be available to Pakistan and in which direction it would have to move.
