Ministry of Finance has described as misleading and factually incorrect a news item published in a section of the press suggesting that tough prior actions are needed for IMF 452 million dollar third tranche.

In a statement, it said that it was completely normal for quarterly reviews to take a few days at times which must never be viewed as extraordinary.

The statement said, the second and third quarterly reviews would be presented before the IMF Board separately as planned and no decision has been taken for any prior actions.

The statement made it clear that the government’s reform programme supported by the IMF’s Extended Fund Facility is on track.

NNR/Khokhar