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IMF review mission arrives in Pakistan for key economic assessment

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ISLAMABAD :- A review mission of the International Monetary Fund (IMF) is set to arrive in Pakistan today for a 15-day visit to assess the country’s economic performance under the ongoing loan programme.

The mission will remain in the country until March 11, holding negotiations in two phases — first in Karachi and later in Islamabad.

During the visit, the IMF team will evaluate Pakistan’s economic performance for the first six months of the current fiscal year, from July to December.

The broad contours of the upcoming federal budget for the next fiscal year will also be part of the review schedule, indicating the significance of the discussions for future fiscal planning.

Sources in the Ministry of Finance stated that most IMF targets have been achieved, with the exception of tax revenue collection.

The Federal Board of Revenue (FBR) faced a shortfall of Rs329 billion in the first six months and Rs372 billion in seven months of the fiscal year.

The mission will be briefed in detail on the revenue gap and corrective measures.

The government is also considering requesting a downward revision of the annual tax target.

According to sources, the review will also cover provincial and overall fiscal frameworks, governance reforms, and anti-corruption measures.

The performance of the National Accountability Bureau (NAB), along with appointment procedures in key institutions, will come under scrutiny.

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IMF review mission arrives in Pakistan for key economic assessment

Link copied!

ISLAMABAD :- A review mission of the International Monetary Fund (IMF) is set to arrive in Pakistan today for a 15-day visit to assess the country’s economic performance under the ongoing loan programme.

The mission will remain in the country until March 11, holding negotiations in two phases — first in Karachi and later in Islamabad.

During the visit, the IMF team will evaluate Pakistan’s economic performance for the first six months of the current fiscal year, from July to December.

The broad contours of the upcoming federal budget for the next fiscal year will also be part of the review schedule, indicating the significance of the discussions for future fiscal planning.

Sources in the Ministry of Finance stated that most IMF targets have been achieved, with the exception of tax revenue collection.

The Federal Board of Revenue (FBR) faced a shortfall of Rs329 billion in the first six months and Rs372 billion in seven months of the fiscal year.

The mission will be briefed in detail on the revenue gap and corrective measures.

The government is also considering requesting a downward revision of the annual tax target.

According to sources, the review will also cover provincial and overall fiscal frameworks, governance reforms, and anti-corruption measures.

The performance of the National Accountability Bureau (NAB), along with appointment procedures in key institutions, will come under scrutiny.

Leave a Reply

Your email address will not be published. Required fields are marked *