No Mini-Budget will be introduced before the end of June, because the International Monetary Fund (IMF) expressed its satisfaction with the economic measures of Pakistan, the news reported on Friday.
The last day of negotiations between Pakistan and the IMF will end today, after technical sessions and political discussions.
A meeting between the IMF delegation and the Minister of Finance Ishaq Dar is planned today, with an Iftar dinner organized by the Minister in honor of the delegation.
Once the talks are finalized, the IMF team will prepare an assessment report, which will be submitted to the board of directors for a decision on the publication of the next $ 1 billion for financial assistance in Pakistan.
The agenda for today includes the examination of Pakistan’s budgetary objectives, the performance of the current financial year and the discussion of the tax deficit as well as new tax objectives. The two parties should finalize the proposals before the conclusion of the negotiations.
Pakistan has embarked on many discussions with the IMF, fulfilling most of the institution’s objectives and providing all the necessary economic data. However, the IMF called for the abolition of tax exemptions for solar panels and electric vehicles, which it considers luxury items benefiting from the rich.
The IMF also put pressure for the elimination of tax reductions on the parts of electric vehicles and the stricter application of the budgetary discipline.
Once the negotiations have been concluded, the IMF delegation is expected to return, the final agreements that should shape the next phase of economic support for the world lender.
Pakistan exhorted the International Monetary Fund (IMF) to allow it to reduce the tax rates with regional countries to stop the flight of growing external money, because the world lender has not seen any major progress in typing real income from retailers and real estate concessionaires.
The last last day of the talks, the IMF also informed foreign diplomats about the results of the first review. The IMF has largely shown satisfaction with regard to the implementation of the program, except in the fields of property, real estate and privatization, according to the people during the meeting.
The world lender has supported a constant increase in economic growth, saying that any rapidly rates at a higher growth rate could cause concerns about higher tax and current deficits.
