Policy talks between the IMF and the government to revive the loan program will be held in Doha tomorrow.
Finance Minister Muftah Ismail will arrive in Doha with a delegation to participate in the talks.
It should be noted that the PTI government had set up a program to get a loan of six billion dollars from the IMF in which three billion dollars have been received by the country.
However, the program has been stalled for several months due to the previous government’s failure to give clear assurances about the abolition of oil subsidies and further taxation of the salaried class.
The IMF has set some conditions for the resumption of the program, including the elimination of subsidies on diesel and petrol, the abolition of the tax amnesty scheme for industries, the increase in electricity tariffs, and an increase in the tax collection rate. And reducing the fiscal deficit.
It may be recalled that former Prime Minister Imran Khan had reduced the price of electricity by Rs 5 per unit and also reduced the price of petrol and diesel by Rs 10 per liter and froze the prices till the budget of next financial year.