Finance Minister Muhammad Aurangzeb departed on Sunday for the United States along with a delegation in a bid to negotiate with the International Monetary Fund (IMF).
Sources divulged that the negotiations between Pakistan and the international lender were scheduled for the next week.
Negotiations between Pakistan and the IMF are scheduled for next week, sources report.
According to sources, Pakistan will request the IMF for a new loan programme.
Aurangzeb was also expected to meet with IMF Managing Director Kristalina Georgieva in Washington.
– Pakistan discussing potential follow-up program: IMF –
Few days back, Georgieva told an event at the Atlantic Council think tank, that Pakistan was successfully completing its existing program with the IMF and its economy was performing somewhat better, with reserves now being built up.
"There is a commitment to continue on this path, and the country is turning to the fund for potentially having a follow-up program," Georgieva said, flagging issues that the struggling South Asian nation still needed to address.
"There are very important issues to be solved in Pakistan: the tax base, how the richer part of society contributes to the economy, the way public spending is being directed and of course, creating ... a more transparent environment."
