Islamabad, March 15 (INP): Although the country’s economic performance improved, the last round of economic review talks between Pakistan and the International Monetary Fund (IMF) concluded without an agreement at the level of employees.
However, private sources of development said that suspended issues can be resolved through virtual discussions in the coming weeks.
According to the officials familiar with the negotiations, Pakistan will be asked to implement many measures under the MEFP Policy Memorandum before securing the following segment of the International Monetary Fund loan.
Among these conditions is another increase in the oil tax by 10 rupees per liter, raising it from 60 rupees to 70 rupees per liter.
According to what was reported, the government expressed its willingness to impose carbon tax, if the International Monetary Fund requests it.
The Fund also urged additional repairs in the tax and energy sectors, while emphasizing the need to expand the tax base and eliminate subsidies that distort the market pricing. She has repeated her long -term request to bring in retail sectors, real estate and wholesale to the official tax network.
Sources within the Ministry of Finance indicate that although an immediate agreement is not reached, it is expected that the Executive Council of the International Monetary Fund will review in Pakistan in May.
If the agreed conditions are fulfilled, the Board of Directors will approve the payment of the following billion dollars, according to the Tunder program for the 7 billion dollar loan program.
Despite Pakistan’s efforts to meet the goals of unifying the International Monetary Fund, concerns about the pace of privatization of state -owned institutions (SOES), especially the electricity distribution companies (DISCOS) and Pakistani International Airlines (PIA).
The International Monetary Fund has repeatedly pressed Pakistan to accelerate these reforms as part of the broader economic stability measures.
On March 14, the government was successful of the global lender successful not to present any small budget before the end of June.
Officials from the Ministry of Finance claim that the International Monetary Fund has expressed its satisfaction with the economic performance of the country, which paves the way for issuing the following segment of one billion dollars under the loan program of $ 7 billion.
