The government has assured the IMF that electricity will be more expensive.
Electricity prices are expected to increase further from July 1, with monthly, quarterly and annual price adjustments
The government has also assured to gradually document the economy to increase tax revenue, Finance Ministry sources said.
Demanded the IMF to maintain strict monetary policy and market-based exchange rate policy to ensure protection of beneficiaries under BISP.
An agreement between Pakistan and the IMF is likely to be reached next week
Islamabad ( Web News )
The government has assured the IMF of timely increase in electricity tariff. According to sources in the Ministry of Finance, electricity prices are likely to increase further from July 1. Prices will be adjusted monthly, quarterly and annually. According to the sources, the government also assured to document the economy gradually to increase the tax revenue. The staff level agreement is likely to be signed between the parties early next week. According to the sources, monthly, quarterly and annual adjustments will be made for cost recovery while the economy has also been assured to be gradually documented to increase tax revenue. The IMF emphasized on ensuring the protection of beneficiaries under BISP, while the government assured to increase the number of BISP beneficiaries by June. The IMF called for maintaining a tight monetary policy and a market-based exchange rate policy and the IMF delegation insisted on continuing the necessary reforms for the continuation of economic stability. Upon successful completion of the negotiations, Pakistan will receive the final installment of $1.1 billion with the approval of the Executive Board.