A mini budget will not be presented before the end of June, since the International Monetary Fund (IMF) has expressed satisfaction with the economic measures of Pakistan, Express News reported Friday.
The last day of negotiations between Pakistan and the IMF will conclude today, following technical sessions and discussions at the policy level.
A meeting between the Minister of Delegation and FMI finance, ISHAQ Dar, is scheduled today, with an Iftar dinner organized by the minister in honor of the delegation.
Once the conversations are completed, the IMF team will prepare an evaluation report, which will be presented to the Executive Board for a decision on the release of the next $ 1 billion of financial assistance to Pakistan.
Today’s agenda includes reviewing Pakistan’s budgetary objectives, the performance of the current fiscal year and discussing the fiscal deficit, as well as the new fiscal objectives. The proposals are expected to end before the conclusion of the negotiations.
Pakistan has participated in broad discussions with the IMF, fulfilling most of the objectives of the institution and providing all the necessary economic data. However, the IMF has requested the elimination of tax exemptions for solar panels and electric vehicles, which considers that luxury items benefit the rich.
The IMF also pressed for the elimination of tax exemptions in pieces of electric vehicles and a stricter application of fiscal discipline.
Once the negotiations are concluded, the IMF delegation will return, and the final agreements are expected to shape the next phase of Pakistan’s economic support of the global lender.
Pakistan urged Thursday to the International Monetary Fund (IMF) to allow him to reduce the tax rates with the regional countries to stop the increase in external money, since the global lendist did not see any important progress in taking advantage of the true income of retail retail and merchants.
On the second day of conversations, the IMF also informed foreign diplomats about the results of the first review. The IMF greatly showed satisfaction with the implementation of the program, except in the areas of property, real estate and privatization, according to people aware of the meeting.
The global lender supported a constant increase in economic growth, saying that any rapid change at a higher growth rate could cause concerns regarding the highest fiscal account deficits.
