ISLAMABAD: The National Assembly Standing Committee on Finance Friday announced to get briefing on overall economic situation of the country from representatives of the International Monetary Fund (IMF) on October 15.
No committee of the either house has ever been given briefing by IMF in the past so far and it will be a new precedent if briefing is arranged. “We will write to the Finance Ministry to make arrangements in this regard as well as to finalize the agenda items for the briefing,” said Chairman of the NA Finance Committee Omar Ayub Khan while talking to Customs Today after the committee meeting here at Parliament House on Friday.
He further said that main objective of the briefing would be to get first hand knowledge about IMF’s viewpoint about Pakistan’s economy as well as nitty-gritty of the agreements between Pakistan and IMF would also be discussed. Similarly, he said that IMF’s loan programme for Pakistan related issues would also be taken up along with their rules and regulations in the detailed briefing.
Earlier, Committee in its meeting, during deliberations on “The Credit Bureaus Act, 2014” expressed concerns and declared the Act full of mistakes and asked State Bank of Pakistan (SBP) to remove flaws in consultation with Law Division and other stakeholders and report back to the committee in two weeks. The Committee constituted a Sub-Committee with MNA Qaiser Ahmad Sheikh as convener to probe reported Rs 12 billion scam in National Bank of Pakistan (NBP) in Bangladesh. The sub-committee will report back to committee in 45 five days.
