The global lender announced on Friday that an International Monetary Fund ( IMF) mission and Pakistan have made significant progress toward reaching a staff level agreement on an extended financial facility.
An IMF group led by vision main Nathan Porter, who led them to their meeting with the Pakistan government on May 13, concluded discussions with them on Thursday, according to a statement released by Reuters.
According to Porter,” The mission and the government will continue policy debate nearly over the upcoming weeks, aiming to finalize conversations, including the financial support needed to support the government ‘ reform efforts from the IMF and Pakistan’s bilateral and multilateral companions.”
Pakistan is anticipated to get at least$ 6 billion under the new arrangement, as well as additional IMF funding through the Tenacity and Sustainability Trust.
In an effort to gain the necessary legislative support for rich pensioners, the IMF had earlier requested that Pakistani authorities levy a tax on regular pensions over Rs 1,00,000.
