A mission of nine members from the International Monetary Fund (IMF) is set to arrive in Pakistan tomorrow (Monday) for a financial review ahead of the next $ 1 billion tranche from a $ 7 billion Bailout package approved in August 2023.

According to sources in the Ministry of Finance, the IMF delegation, led by Nathan Porter, will remain in Pakistan for two weeks until March 15. During this period, it will first hold technical discussions, followed by negotiations at political levels with Pakistani authorities.

The delegation will also present recommendations for the next financial year’s budget. Any relief to the employee’s exposed class will be subject to the IMF approval.

The IMF mission will participate in negotiations with officials from the Ministry of Finance, the Ministry of Energy, the Ministry of Planning and the State Bank of Pakistan.

Discussions will also be held with the Federal Board of Revenue (FBR), Oil and Gas Regulatory Authority (OGRA), National Electric Power Regulatory Authority (NEPRA) and other relevant institutions and ministries.