ISLAMABAD: Significant progress has been made in the negotiations between Pakistan and the IMF regarding the 1.2 billion dollar tranche.
According to sources in the Ministry of Finance, the IMF has sent Pakistan a draft memorandum of economic and financial policies. Both sides will now review the targets and performance set according to this draft.
Sources say that if the figures on the 9 tables of the MEFP are found to be in line, a staff level agreement will be reached. The Ministry of Finance, State Bank, Ministry of Energy, Ministry of Petroleum, FBR and NAB, including other institutions, will be consulted on this draft.
In addition, the targets related to OGRA, NEPRA, SECP, Auditor General and provincial administrations and taxes on agricultural income will also be reviewed. The IMF delegation will arrive in Pakistan in the last days of April and stay until mid-May.
The IMF technical mission will provide full support in the preparation of the budget for the upcoming fiscal year 2026-2027 and the new budget will be prepared in accordance with the IMF estimates and targets. The Ministry of Finance has shared the draft MEFP with all relevant ministries and divisions.
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