Pakistan’s finance minister to meet IMF delegation in Geneva
Al JazeeraIMF has yet to approve the release of $1.1bn originally due to be disbursed in November last year. An International Monetary Fund delegation will meet Pakistan’s finance minister on the sidelines of a conference in Geneva as Pakistan struggles to restart its bailout programme. The IMF is yet to approve the release of $1.1bn originally due to be disbursed in November last year, leaving Pakistan with only enough foreign exchange reserves to cover one month’s imports. “The IMF delegation is expected to meet with finance minister Dar on the sidelines of the Geneva conference to discuss outstanding issues and the path forward,” an IMF spokesperson told Reuters news agency on Sunday. Local media outlet Dawn cited an IMF spokesperson as saying that the institution’s Managing Director Kristalina Georgieva had a “constructive call” with Pakistan Prime Minister Shehbaz Sharif on Friday.