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Hours after the International Monetary Fund (IMF) issued a statement on its talks with Pakistan, Finance Minister Ishaq Dar said that the parleys with the global lender ended "positively".

Addressing the media, the finance minister confirmed that the government had received the draft of the Memorandum of Economic and Financial Policies (MEFP) from the global lender. At the start of his media talk, the finance minister reminded that the programme that the incumbent government was implementing was the one signed by former prime minister Imran Khan with the IMF in 2019-2020. He reiterated that the Shehbaz Sharif-led government are holding talks on this agreement as a "sovereign commitment". "This is an old agreement which had been suspended and delayed previously," he reminded. Coming on Pakistan's talks with the global lender, the finance minister said that the 10-day-long discussions were extensive covering the power, and gas sector and on the fiscal and monetary side. "The SBP's governor and different sectors were involved in the talks," said Dar. The finance minister announced that Rs170 billion fiscal taxes, energy sector reforms will be implemented. He also added that the government was focusing on "minimising untargeted subsidies".

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