As soon as Ishaq Dar surrendered, IMF agrees to negotiate
Schedule of Meeting between Pakistan and IMF has been decided, delegation will visit Pakistan from January 31 to February 9, In order to restore Ninth Review, apart from increasing taxes, electricity and gas costs of 200 billion rupees, Pakistan will have to pay more, terms of which are yet to be determined, Possibility of bringing mini budget before arrival of delegation.
As soon as Finance Minister Ishaq Dar was present, IMF agrees to negotiate. The schedule of negotiations between Pakistan and IMF has been decided, but terms of what Pakistan will have to do to restore ninth review are yet to be decided.
According to a statement issued by IMF, the IMF mission will visit from January 31 to February 9, during which IMF mission will discuss Ninth Economic Review.
According to IMF announcement, IMF targets will be reviewed in Ninth Economic Review, Finance Ministry had requested IMF mission to visit Pakistan. talks between Pakistan and IMF delegation will continue for ten days. If negotiations are successful, an installment of one billion dollars will be available. IMF delegation will meet officials of FBR, NEPRA, Ministry of Finance and OGRA.
USD rose by a record 25 rupees to reach an all-time high
The IMF delegation will review the revolving credit situation in the energy sector, the roadmap for stabilization of economic policies and measures to stabilize the fiscal position. The delegation will review the rehabilitation measures in the flood-affected areas and sustainable policies to overcome the current economic situation.
Pakistan will have to impose taxes of 200 billion rupees to restore IMF program, increase the price of electricity by more than 4 rupees per unit and gas by 74%. In this context, federal government has prepared an ordinance to bring a mini budget of 100 billion rupees. Is. A flood levy of 100 billion rupees will be imposed through ordinance.
In the ordinance, implementation of 100 billion rupees withholding tax and other measures have been taken. In this regard, withholding tax is likely to be imposed on non-filers, while sales tax is proposed to be imposed on retail price of petroleum products. The IMF wants the ordinance to be in place before the mission arrives.
According to experts, Finance Minister Ishaq Dar will now have to do all the things that he criticized in previous government and will also have to take a Utern on the claim of bringing the dollar rate below 200.