Summary IMF delegation led by Jeffrey Franks expressed satisfaction over govt assurances.
ISLAMABAD – International Monetary Fund’s clutches will expand further as an agreement over fresh loan worth $5 billion is expected to be finalised today (Monday) .
Pakistani officials are expected to reach an agreement with IMF after two days of talks in Islamabad.
Ministry of Finance has confirmed the breakthrough in the meeting.
During talks, the government officials addressed IMF’s reservations over energy sectors and taxation side.
The authorities assured IMF that tax collection target has been set at Rs. 2475 billion during the new fiscal year through expansion in the tax net, whereas, subsidy will be reduced step by step.
IMF was also told that remittance of power tariff and line losses will also be brought down.
The Fund s mission will stay in Pakistan till Tuesday.
