Pakistan was "well positioned" for the first review of its $7 billion International Monetary Fund bailout programme, the finance minister told Reuters, as talks with the global lender began on Tuesday.

Pakistan is likely to pass the first review of its $7 billion loan program with the International Monetary Fund since it has made enough progress to raise revenue, according to officials and diplomats familiar with the matter.

Pakistan has assured the IMF that the Rs 605 billion tax shortfall will be covered without introducing a mini-budget. The government plans to settle pending tax cases and expedite court rulings to bridge the revenue gap.

ISLAMABAD (Web Desk) Pakistan is expected to successfully complete the first review of its $7billion loan programme with the International Monetary Fund (IMF), according to officials and diplomats cited by Bloomberg. The country has reportedly made significant strides in boosting revenue, which has been a key condition for the loan programme.

Global lender's delegation to assess country’s compliance with quantitative performance criteria, structural benchmarks.

Finance Minister Muhammad Aurangzeb has said Pakistan is well positioned for the first review of its seven billion dollars International Monetary Fund (IMF) bailout programme. Talking to Reuters, he said there will be two rounds of talks with their IMF, first technical and then policy level. The talks between Pakistan and the IMF began yesterday.

A mission from the International Monetary Fund (IMF) will arrive in Pakistan next week, finance minister Muhammad Aurangzeb said on Wednesday, with a first review of a $7 billion bailout programme due in March.

Pakistan was "well positioned" for the first review of its $7 billion International Monetary Fund bailout programme as talks with the global lender began on Tuesday, the country's finance minister told Reuters.