According to the sources, the delegation will meet finance minister, Asad Umar and Minister for planning and development.
The delegation will discuss the matters pertaining to the payment of loan instalments.
Earlier during an interview with Arab News, Finance Minister Asad Umar dispelled the notion that Pakistan is facing a financial emergency and said that there is no need to rush to the International Monetary Fund (IMF) for a bailout.
“Pakistan is not in an emergency situation that requires it to rush to the IMF to seek a bailout,” the finance minister said
“We have neither stopped imports nor imposed financial sanctions,” he continued.
However, the finance minister emphasised, “We need to take well-measured decisions. As a situation emerges, we take steps to manage it. We don’t want to take decisions in an emergency.”
Regarding the scheduled visit of IMF’s staff mission to Pakistan on September 27, Umar said, “We are in discussion with them, but this is not to negotiate for a loan. Our purpose is to do our homework, in case we want to approach them at some stage.”
Earlier on August 31, minister for Finance Asad Umar told Senate that currently one million people are filling their tax returns and there is room to further enhance the figure to about three million.
Umar told the house during question hour that the new FBR chairman has been appointed and next week a meeting will be held with the FBR officials to discuss the implementation of the reforms strategy.
Asad Umar said the government has decided in principle to launch Diaspora and Sukuk bonds.
He said some other initiatives will also be taken to improve the flow of remittances to the country.
Replying to a question, the Finance Minister said that the loan will be taken after taking the Parliament on board.
He said a plan to this effect will be finalized in next one or two weeks and then it will be presented before the Parliament for discussion.
He pointed out that exports saw decline and imports surged over the last five years, and the government had to obtain loans to fill the gaps. He said our effort is to address the root causes of the loans.
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