Islamabad (HRNW) Finance Minister Ishaq Dar has announced that the government will impose taxes worth Rs170 billion through a mini-budget as part of their agreement with the International Monetary Fund (IMF).
On Thursday, the 10-day-long negotiations between Pakistan and a visiting IMF delegation ended, and the two sides failed to reach a staff-level agreement. The two sides agreed on taking action and advance measures.
The finance secretary said some points are left to be discussed between Pakistan and the IMF. A decision on those points will be made from Washington.
While addressing the media in Islamabad on Friday, Dar stated that the final round of negotiations with the IMF held on Thursday was successful.
According to Dar, the previous government of Pakistan Tehreek-e-Insaf (PTI) had made the agreement with the IMF, and the ruling coalition is working hard to fulfill the requirements of it.
The minister added that during the IMF meeting, the petroleum, Federal Board of Revenue (FBR), and power sectors discussed their roadmaps and reached a mutual agreement.
The minister said that everything had been mutually decided in the meeting and IMF had asked the government to sign and return the Memorandum of Economic and Financial Policy (MEFP) document sent on Friday morning.