ISLAMABAD: Negotiations with the IMF for a new loan program will begin after the approval of the loan targets by the Parliament.
According to the sources, today is the last day of talks between the Pakistani authorities and the IMF delegation. Recent negotiations with the IMF were not for a loan program. Negotiations on a new loan program with the IMF will begin after parliament approves the loan targets.
Sources further say that the IMF has received data about the economy from Pakistan and after receiving the data has reviewed the economy and informed the Pakistani authorities about the features of the budget. The goals of privatization and energy sector reforms have also been communicated to the Pakistani authorities.
The plan of tax collection and FBR reforms for the next year has also been informed. Sources say that the negotiations will start after the approval of the budget targets and features by the parliament. will do
Sources say that negotiations for the new loan program will begin at the end of June and the IMF and Pakistani officials are trying to reach an agreement before July 1.
