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Islamabad: In a virtual meeting between Pakistan and IMF, the international organization was informed about the preliminary measures.
In this regard, the sources say that the government is making serious efforts to conclude the personnel agreement, while the IMF is committed to tightening the monetary and credit policy.
According to the sources, Pakistan informed the IMF about the previous steps, in this regard, during a briefing on refinancing with friendly countries and China, the IMF was also informed about China’s decision to refinance 700 million dollars.
Sources say that the virtual meeting also informed about the financing of 1.2 billion dollars from the United Arab Emirates and financing through shares in the stock markets of the United Arab Emirates and Qatar.
According to the sources, Pakistan has proposed a strategy to the IMF to achieve the foreign exchange target by June this year.
Regarding the staff level agreement between Pakistan and the IMF, sources say that the current IMF loan program will end on June 30, 2023. Pakistan may need a new loan program from the IMF after June.
Read more: The possibility of an agreement between Pakistan and the IMF
According to the sources of the Ministry of Finance, if the loss of electricity is not reduced, the economy will collapse. The small budget is not directly related to the increase in tax revenue. If the whole nation does not save electricity, the economy will be destroyed, 33% loss of each unit of electricity will cause a disaster.
Officials say that the IMF has demanded that the State Bank be given an independent monetary and credit policy to set the dollar exchange rate according to the market and control inflation.