The International Monetary Fund (IMF) will send a group to Pakistan on May 10 (Tuesday) for key meetings with the government. According to reports, the high-level group would stay in Pakistan for 10 days.
The visiting group will meet with Pakistani authorities to discuss budget proposals. According to reports, the talks would most likely result in an increase in the loan programme from $6 billion to $8 billion. The government’s gasoline and power subsidies will be debated.
Among other significant issues, the IMF mission will address tax and duty collection. Similarly, conversations will take place to eliminate other subsidies worth Rs. 500 billion.
According to reports, the IMF would give Pakistan an economic framework for extending the loan programme through June 30, 2023. The federal budget year 2022–23 will be created in accordance with the agreed-upon economic framework.