The International Monetary Fund (IMF) further placed its demands before Pakistan.
According to the sources, the technical negotiations between the IMF and Pakistan have ended. In the negotiations, the IMF demanded Pakistan to increase electricity and gas tariffs, impose 18% GST on petroleum, while privatizing loss-making public institutions. Emphasized.
Sources say that the IMF has also called for limiting state intervention in the economy through privatization and regular audits of public institutions.
Apart from this, the IMF has demanded the elimination of corruption, red tape, ease of business and tax culture, privatization of many institutions including LNG power plants, house building finance.
According to the sources, the International Monetary Fund has emphasized on reducing the losses of PIA, steel mills and other institutions and has said that institutional deficiencies should be removed for economic development, investment, employment, while public and private institutions. Equal opportunities and facilities should be provided.
Sources say that Pakistan and the IMF will now hold talks at the policy level.
It should be noted that the IMF delegation is negotiating with the Pakistani authorities in Islamabad these days, after which the IMF program for Pakistan will be decided.
