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IMF: PM asks his team to begin a course of action

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Prime Minister Shehbaz Sharif directed to immediately proceed concerning talks with the International Monetary Fund (IMF) regarding the Extended Fund Facility (EFF).
He directed this while presiding over his first meeting as prime minister on Monday regarding economic improvement. The finance secretary gave him a detailed briefing on the country’scountry’s financial situation.
The prime minister directed the preparation of an emergency action plan to improve the economic situation and said that the public has given them the mandate for this purpose and that the betterment of the economy is the new government’sgovernment’s priority.
He said the government will work hard to promote investment in the country and provide facilities to the business community.
During the meeting, it was told that the Federal Board of Revenue (FBR) had cleared tax refunds of Rs65 billion.
The prime minister directed to immediately proceed ahead on talks with the IMF regarding the EFF.
He said those taxpayers working for the increase in domestic exports and value addition in the country’scountry’s economy are assets. Such taxpayers will be appreciated at the government level. Shehbaz Sharif said that automation is inevitable to bring transparency in the FBR and directed to immediately start work on the automation of FBR and other organizations.
The prime minister said that state-owned entities that are loss-making or are a burden on the national economy would be privatized so that these entities do not further burden the country’s economy.
The prime minister directed the formation of a committee to formulate a clear strategy for reducing the privileges of government board members.
He also prepared a plan to transition the power and gas sectors to smart metering, which would help reduce line losses.

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