The government of Pakistan and the International Monetary Fund have set a schedule of talks for the new loan programme and an IMF team will reach Pakistan on May 15 in this regard.
Both sides will first hold technical level talks and later policy level parleys will be held.
Pakistan is eyeing a new, more substantial IMF loan over a longer duration. Finance Minister Muhammad Aurangzeb had indicated that Islamabad could secure a staff-level agreement on the new programme as early as July.
The focus is on securing a loan spanning at least three years to bolster macroeconomic stability and implement much-needed structural reforms.
