The IMF demanded more steps for the new program
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The International Monetary Fund (IMF) demanded more steps from the government for the new program.
According to sources in the Power Division, the IMF demanded concrete measures to end electricity and gas theft, the administration of government discos also asked for a time frame to be transferred to the private sector, while the International Monetary Fund (IMF) asked for recovery of electricity bills in areas with high losses. Also advised to outsource.
The story of the first day of talks between the IMF mission and Pakistan’s economic team came to light, Ministry of Finance, Energy, FBR officials participated in the talks with IMF officials.
Sources say that the IMF officials were briefed by Energy Minister Mossadegh Malik, the government assured to freeze the revolving loans of electricity and gas.
IMF demanded to stop local gas supply to captive power plants, 4 major plants in government sector were also demanded to run at full capacity.
Sources in FBR said that IMF demanded to complete digitization in FBR quickly, it was agreed to increase the use of technology instead of staff to increase tax collection. An assurance was also given.
IMF was briefed on the plan for full tax collection from agriculture, shops and real estate, FBR assured tax collection from real estate and retailers to achieve the tax target for the current fiscal year.
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