On the second day of discussions between Pakistani authorities and the IMF for the second evaluation of the $3 billion standby agreement (SBA), this demand was made.
The president may approve the NFC Award, which divides income between the federation and the provinces, by issuing an order under Article 160 of the Constitution.
The newly elected administration forced all the provinces to accept a new formula and told the IMF team that the provincial portions could not be decreased without a constitutional revision.
There hasn’t been a consensus to review the 2010 NFC award in the five years since it was decided upon.
The foreign lender also looked for a strategy to privatize Pakistan International Airlines as well as other government-run businesses.
According to sources inside the ministry, the IMF team voiced worries about the energy sector’s performance throughout the discussions.
During the discussion, the group was also briefed on domestic finance, government guarantees, and the costs associated with the health and education sectors.
Pakistan would be able to access the $1.1 billion loan tranche with the IMF’s approval.
