The sources claimed that at the IMF’s initial meeting with representatives of the Finance Ministry, the organization expressed concerns over the subsidised gas supply to fertilizer companies.
The foreign lender made a demand to stop giving the fertilizer companies gas at a discounted price. The group also voiced their worries over rising commodity costs in Pakistan in spite of global stability.
According to the sources, the IMF team also received updates on circular debts in the energy sector, tariff outlooks, cost-side reforms, tax administration, tax policy, and the development of the Bilateral Investment Plan (BISP) from the relevant officials during the meeting.
The IMF group also requested that Pakistani authorities impose taxes on the industrial, retail, and real estate industries.
Pakistan aims to finalize the largest and longest-running program from the International Monetary Fund (IMF) in the nation’s history, according to Finance Minister Muhammad Aurangzeb’s statement yesterday.
According to Aurangzeb, our administration prioritizes improving Pakistan’s economy over working with the IMF. The minister stated that PM Shehbaz Sharif has a clear plan for improving the struggling economy and that the premier has issued stringent directives in this respect.
