The end of subsidies, the reduction of the development budget, the possibility of making difficult decisions in negotiations with the IMFTAZAA News

Difficult decisions are likely to be taken in the political negotiations between Pakistan and the IMF.

According to the source, political negotiations are held on important issues, including the budget deficit, external financing and the budget framework.

According to the sources, Pakistan has to answer tough questions, Pakistan has to increase its foreign exchange reserves to 16.20 billion dollars by June 30 and Pakistan has to say where this money is coming from.

Sources say that Pakistan should immediately end import restrictions, provide $4 billion to open LC immediately, take steps to reduce budget deficit to reduce expenditure of more than 600 billion rupees.

According to the sources, Pakistan is preparing to cut the development budget by more than 50%, according to which more than 400 billion rupees are expected to be spent in the development budget instead of 727, while non-government expenditure should be significantly reduced. is reduced

According to the sources, it is also about stopping the financing of unnecessary projects by the IMF, while significantly reducing the amount of subsidy allowed from the budget this year, and the amount of electricity and gas should be increased by about 50 percent to reduce the subsidy. Step-by-step monitoring of development projects will be published on the site, the privatization program will be activated, and the state will decide whether to activate or sell it. – proprietary enterprises.

According to the sources, in order to make the reporting process more efficient and transparent, the legislation has been defined, a new policy for receiving and returning loans from foreign countries is being discussed, and the creation of infrastructure for the return of repayable loans is being discussed. .