Islamabad: Pakistan has given ensured to implement complete program of a sum of three billion dollars to the visiting mission of the International Monetary Fund (IMF).
The IMF delegation briefed that the Federal Board of Revenue (FBR) tax and petroleum development levy remained high more than the target.
The delegation was also apprised that uptick in electricity and gas tariff and bringing reforms in the circular departments are continued.
The internatioanl lender alluding the peformance of the economic team of Pakistan said that Pakistan has to implement its target strictly.
After the introductory session with Pakistani staff and initial briefing the IMF delegation left for its hotel.
In the introductory session with the IMF Initiall reports based on implementation on targets have been presented .
Before talks with the IMF mission a review meeting on the economic situation was held in chair of Finance Minister Shamshad Akhtar.
The Caretaker Finance Minister took breifing on the implementation on targets from the government economic team and its preparations.
The talks on technical level will be held shortly.The IMF mission had reached the country yesterday.
The IMF review mission has arrived Pakistan for 15 days, technical level talks will be held for about 10 days, policy level talks will be held in 5 days.
For negotiations on economic review, the Ministry of Finance has prepared the performance report of all the ministries, the full implementation and partial implementation reports of the 11 ministries and authorities have also been prepared.
Ministry of Finance, FBR, Ministry of Energy, Ministry of Petroleum implemented the targets.
Besides, Benazir Income Support Program, Ministry of Planning, PIPA also implemented the targets.
On the successful economic assessment with IMF, The installment of $ 710 million will be received to the country.
