IMF convinced by provincial budget surplus
MNP – The International Monetary Fund (IMF) has been convinced by provincial budget surplus on Friday.
According to details, after five days of intense discussions, Pakistan and the IMF had concluded their negotiations. Led by IMF Mission Chief Nathan Porter, the talks covered a wide range of economic issues, including provincial budgets, tax reforms, and foreign financing arrangements.
The ministry of finance said: “We have managed to convince the IMF mission on the provincial surplus.”
“The IMF has been pressing for the collection of taxes on agricultural income starting January. We have made headway, but further work remains to be done on this front,” the source added.
Pakistan assured the IMF of securing external financing to support its fiscal policies. “The government has made firm commitments regarding external financing arrangements,” sources confirmed.
The IMF mission also conducted detailed reviews of various sectors, including property prices across different cities.
On the final day of talks, federal finance minister and officials from the Federal Board of Revenue (FBR) participated in discussions with provincial representatives.
