ISLAMABAD: The final round of talks between Pakistan and the International Monetary Fund (IMF) for a $3 billion standby arrangement is expected today.
According to the sources of the Ministry of Finance, the final round of negotiations between Pakistan and the IMF Review Mission will take place today, in which the draft Memorandum of Economic and Financial Policies will be prepared by finalizing the issues discussed in the negotiations that have been going on for the last four days. will be done
Pakistan has assured the IMF to bring the real estate sector into the tax net, under which all housing societies will be registered and non-filers will be taxed on sale and purchase of property and cash on purchase of property. A loan day through the bank has also been suggested instead.
Finance Ministry sources said that on the third day of economic review talks between Pakistan and the IMF, the government has assured to bring the real estate sector into the tax net.
He said that the budget of the new financial year will include important measures related to the real estate sector, coordination will be created in the federal and provincial governments for taxes on the real estate sector, registration of property agents, purchase and sale of files. But the tax has been proposed.
Sources in the Ministry of Finance said that at the end of the negotiations, a staff-level agreement with the IMF is likely to be reached, which will be presented to the executive board meeting for approval.
He said that the meeting of the IMF board is expected in April, besides, the annual meetings of the IMF and the World Bank will be held in Washington from April 15, in which Finance Minister Muhammad Aurangzeb along with his economic team will go to Washington. will visit.
It was further informed that Pakistan is also likely to request a new and bigger loan program in the sideline meetings with the IMF on the occasion of the visit of the finance minister and the economic team.
