Islamabad Web desk: A high-level delegation from the International Monetary Fund (IMF) has arrived in Pakistan to assess the implementation of loan conditions under the ongoing financial assistance program.
According to sources, upon arrival in Islamabad, the IMF officials met with a delegation led by the Secretary of Finance. The discussions mark the beginning of a crucial two-week-long negotiation process between Pakistan and the IMF.
The IMF delegation is headed by Nathan Porter, while Pakistan’s team will be led by Federal Finance Minister Muhammad Aurangzeb in policy-level talks. These negotiations will cover key economic reforms and fiscal policies as part of Pakistan’s commitment under the IMF program.
Sources reveal that the IMF team will engage with officials from the Ministry of Finance, Federal Board of Revenue (FBR), Power Division, and the State Bank of Pakistan. Pakistan is set to present its compliance report on the conditions of the $7 billion loan program. This report will provide insights into the country’s economic performance during the first half of the current fiscal year.
Additionally, the IMF delegation will receive a briefing on tax implementation in the agricultural sector, updates on property sector taxation, and progress on incorporating retailers into the tax net.
Following the negotiations, the IMF is expected to compile its recommendations regarding the disbursement of the next tranche of $1.1 billion to Pakistan. This financial support is critical for stabilizing the country’s economy and ensuring fiscal discipline in line with international financial commitments.
The outcome of these discussions will play a pivotal role in shaping Pakistan’s economic roadmap and determining its financial stability in the coming months. Stay tuned for further updates on this crucial economic development.
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