Pakistan, Oct. 4 -- Pakistan and the International Monetary Fund (IMF) are set to negotiate key economic targets after the visiting mission shared its first draft of the Memorandum of Financial and Economic Policies (MEFP), on Saturday.

The IMF review mission is expected to stay in Islamabad for the next few days, probably until the middle of next week. If both sides evolve consensus on the MEFP, the staff-level agreement (SLA) will be struck; however, if consensus cannot be reached, the talks will continue virtually.

The IMF has raised concerns over the breach of the Circular Debt (CD) target for the power sector by the end of June 2026. The circular debt stood at Rs1,675bn, which was breached compared to the agreed target for end June...