ISLAMABAD: IMF delegation has arrived in Pakistan to discuss the climate financing program. Pakistan is hopeful of receiving a concessional loan of 1.5 billion dollars.
According to sources, negotiations are scheduled between the IMF delegation, which consists of four members, and federal and provincial officials. Discussions will focus on green budgeting, tagging regarding climate spending, tracking, and reporting.
Discussions are scheduled between the IMF delegation and federal and provincial authorities, focusing on green budgeting, climate spending targeting, tracking, and reporting.
Proposal to implement a carbon levy has been presented in the budget for the upcoming fiscal year 2025-2026. In this regard, detailed proposals will be provided by the IMF.
During the upcoming negotiations with the IMF delegation, discussions will focus on the preliminary draft. From today until February 28, the IMF delegation will hold negotiations with the federal government and the provinces.
There will also be discussions on carbon levy, electric vehicles, and subsidies, while the IMF delegation will provide recommendations for expanding green budgeting in the upcoming budget.
