Pakistan, IMF to Begin Formal Talks on Economic Review
Pakistani officials are expected to brief the IMF delegation on the sovereign wealth fund and measures aimed at reducing circular debt.
Pakistan and the International Monetary Fund (IMF) are set to begin formal talks on Monday, with discussions expected to focus on fiscal performance, taxation, the energy sector, foreign exchange reserves and structural reforms.
Pakistani officials are expected to brief the IMF delegation on the sovereign wealth fund and measures aimed at reducing circular debt.
The IMF will also be briefed on the reasons for not deregulating the sugar sector, as well as developments related to the current account deficit, primary surplus, foreign exchange reserves and exchange rate.
Tax Reforms and Expansion of Tax Base
Talks between the IMF and the Federal Board of Revenue (FBR) are expected to focus on expanding Pakistan’s tax base and implementing reforms in the taxation system.
Officials from the National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) are also expected to brief the IMF on measures being taken to combat money laundering and terrorist financing.
Energy Sector and Provincial Revenues
The Ministry of Energy will brief the IMF on circular debt and reforms in the energy sector, while discussions will also cover measures to improve tax and non-tax revenue collection by the provinces.
The talks form part of Pakistan’s continuing engagement with the IMF over the implementation of economic reforms and fiscal commitments.
