Pakistan is seeking payment of $1 billion from the IMF under the bail out package
IMF
The cabinet has approved increase in power tariff through circulation summary.
Earlier, NEPRA had increased power tariff by Rs1.95 per unit on account of FCA for August 2021.
Drop comes in wake of global commodity price hike that lifts demand for dollar
Next installment worth $1 billion is likely to be received if talks are successful.
“Policy talks between Pakistan and IMF will continue from October 13 to 15,” officials say.
Spokesperson for federal minister for finance confirms technical level talks with IMF concluded on a good note.
The IMF program has been in recess since March this year owing to divergent views of the two sides & efforts are to bring it back on track.
World Bank projects Pakistan GDP to grow at 3.4%.
Growth rate can hit 4% mark in FY2023 if government implements key structural reforms.
WB projects region to grow by 7.1% in 2021 and 2022.
IMF demands raise in income tax, sales tax, regulatory duty.
Demand aims to help pull up annual tax collection target from Rs5.8 trillion to Rs6.3 trillion.
FBR Chairperson Dr Mohammad Ashfaque says IMF is satisfied with the collection of the board.
Talks with IMF commence in Islamabad for another tranhce of over $ 1 billion with implementing harsh conditions of the…