Posted 3/14/2024, 7:00:00 PM
IMF Questions Pakistan's Claim of Meeting Bailout Targets Prior to Review Completion
- IMF team expressed displeasure over Pakistan finance ministry's declaration of achieving all targets before IMF review completion
- IMF team grilled finance ministry team in initial review session over the declaration
- Possibility of mini-budget with higher GST rates to increase revenues cannot be ruled out based on IMF recommendations
- IMF sought clarity from Pakistan authorities on achieving tax collection targets and timeline for simplified tax scheme rollout
- Discussions held between finance minister and IMF on fiscal situation, reforms, energy sector viability, and SOE governance