- Sources said, “Pakistan would get $1 billion.”
- Talks between Pakistan and IMF would continue for 10 days.
- IMF delegation would meet FBR, NEPRA, OGRA officials.
ISLAMABAD: The International Monetary Fund (IMF) delegation will visit Pakistan for 10 days from January 31 to February 9, Bol News reported quoting an IMF representative as saying.
The IMF official said the mission would review interior and foreign stability. He said it would review the financial position, its strength and durable measures.
The delegation would also review the plan to reduce circular debt of the energy sector. The talks between Pakistan and IMF would continue for 10 days.
Sources said, “Pakistan would get $1 billion, if the negotiations are successful.”
The IMF delegation would meet the Federal Board of Revenue, NEPRA, Oil and Gas Regulatory Authority (OGRA) and Ministry of Finance officials. The mission would review the roadmap to stabilize the economic position.
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It would review the measures to rehabilitate the areas affected with flood.
The draft and preparations of the expected mini-budget have entered in the final stage as the imported government has agreed to fulfill the tough conditions of the International Monetary Fund (IMF) before its review mission’s arrival in Pakistan.
According to the reports, additional duty tax is being proposed, about Rs70 billion tax exemption is being withdrawn, imposition of withholding tax on banking transactions of non-filers is being proposed, suggestions regarding revenue measures have been sent to the Ministry of Finance, sources said.
They said that the imposition of withholding tax on the daily transactions of over Rs50000 being also proposed but the tax will not be applicable to active tax payers.
Rs45 to Rs50 billion withholding tax was being estimated whereas levy on petroleum products could be imposed. 30 per cent increase in gas tariff was expected. The rates of electricity for different consumers is expected to increase. All measures would be implemented from February 1, sources said.
