Pakistan has entered into a little delayed fourth review of the $6.8bn programme with the International Monetary Fund. By August 18, it would be clear in which direction the talks with the fund staff have moved and if its executive board would extend two more waivers and disburse the $550m fifth tranche in the first week of September.
The IMF decision would impact the perception of the credit rating agencies and set the direction of cooperation with multilateral creditors and investors at an investors conference scheduled by the USAID for the $14bn Diamer Bhasha dam in early October.
