Pakistan Moves Closer to IMF Deal

Wed Nov 15 2023
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ISLAMABAD: Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has said that the review of the policy talks with Pakistan is expected to come within the week running.

“I expect an agreement of the review to come within this week. So any day now,” the IMF chief told Bloomberg Wednesday. “The Pakistani authorities and the minister of Finance deserve credit for, in a very difficult time, sticking to the programme that they had,” the IMF chief added.

She said the major issue in Pakistan was tax collection. “The country today collects 12% tax to GDP. We are saying it has to be at least 15% to have the revenues, to sustain the functioning of your economy.”

“So, please, for the people in Pakistan that can pay taxes, collect it from them,” she said. The country faces $23 billion of external debt payments from July.

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