Pakistan and the IMF have not yet reached agreement on next budgetary targets especially taking additional taxation measures to fetch PKR 300Bn, hiking petroleum levy and exact timeframe for increasing electricity tariff. However, top Pakistani authorities are confident that the talks were underway and it would be concluded ahead of coming budget FY22, scheduled to be announced after three days on 11th Jun’21. There are some major outstanding issues between the both sides as the IMF wants clear-cut strategy for achieving FBR tax collection target of PKR 5.8Tn.
8/6/2021