ISLAMABAD: The International Monetary Fund (IMF) has conveyed to the Pakistani authorities to undertake substantial qualitative and sustainable tax and non-tax revenue measures to fetch additional revenues for filling the projected gap of Rs600 billion in the fiscal framework.
A team of the IMF — headed by Mission Chief Nathan Porter — is currently in Pakistan holding parleys for the ninth review which will continue till February 9.
After months of reluctance, the country’s depleting forex reserves and worsening economic situation forced the government to accept all the conditions set by the Washington-based lender.
A staff-level agreement is expected after the conclusion of the talks under the $6.5 billion Extended Fund Facility (EFF).
