Pakistan and IMF delegation to hold meeting today

ISLAMABAD: Pakistan and the delegation of the International Monetary Fund (IMF) are scheduled to hold a meeting today over the amount collected in non-tax revenue.

During the meeting, the IMF will be briefed on Pakistan’s privatization program and the amount collected in non-tax revenue form amounting to Rs1,400 billion.

During the meeting, the completion of the first review will be discussed.

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The two-week tour of the IMF delegation has entered its final phase. Pakistan actively has looked forward to persuading the global moneylender to drop three of its conditionalities that include a reduction in tax target.

The IMF earlier in July had made an upfront payment of $991 million on completion of all prior actions committed by Pakistan before signing the fund program.

The IMF’s mission arrived in Islamabad to conduct the first quarterly review of Pakistan’s performance under its $6bn Extended Fund Facility (EFF) finalised in May this year.

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The visiting team led by Mission Chief to Pakistan Ernesto Ramirez-Rigo has held policy-level discussions.

He held talks with authorities from all the ministries, divisions and departments concerned to examine the latest data before winding up its trip today.

The first quarterly review is expected to be completed on a positive note as authorities have generally shown good performance on most of the structural benchmarks and performance.