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Third round of Budget negotiation successfully completed

Atta Ur Rehman KhanWeb Editor & Columnist

09th Jun, 2020. 09:16 pm
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The third round of budget negotiations between Pakistan and the International Monetary Fund (IMF) have been successful in which some important decisions have been considered.

The budget talks between Pakistan and the IMF have also agreed to increase salaries and pensions, and the IMF has agreed that electricity and gas will not be expensive until October.

In the budget negotiations, Pakistan has also agreed on relief in the first quarter of the next financial year and has agreed on alternative revenues to control the budget deficit.

During the talks, Pakistan assured the IMF that Pakistan would increase its non-tax revenue and that the IMF would keep all conditions lenient till September 30.

The IMF has been assured that the federal government will continue to freeze loans from the State Bank of Pakistan (SBP) and Pakistan will follow to the existing loan program, while most of the terms of the current loan program will be fulfilled after October.

Also Read: No New Tax To Be Introduced


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