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“Today, Pakistan will receive an International Monetary Fund (IMF) delegation, commencing a two-week mission, which is a noteworthy step.”
IMF delegation hold talks with Pakistan: “Expect representatives from the State Bank, the Ministry of Finance in Pakistan, and other regulatory bodies, such as the Ministry of Energy, to meet with the IMF mission.”
Reports state that the main goal of the talks is to have the Pakistani government clarify its position on foreign funding and the nation’s exchange rate policy—these issues badly need clarity.
As reported by the media, the IMF mission will also offer suggestions to Pakistan over the payment of the subsequent installment, which amounts to $700 million, in order to maintain the current financial cooperation.
In a related development, nevertheless, Pakistan’s Federal Board of Revenue (FBR) has surpassed the goal set for tax collection, collecting more than Rs66 billion beyond projections by October, marking a noteworthy milestone.