The International Monetary Fund (IMF) has ‘asked’ Pakistan to achieve revenue shortfall in the next fiscal quarter.
“There is no room for revenue shortfall,” IMF delegation led by Nathan Porter reportedly told Pakistan during the talks to unlock $1 billion loan tranche of $7bln loan programme.
Sources revealed that during the talks Pakistan and the International Monetary Fund (IMF) held extensive discussions on key economic and financial matters.
During prolonged sessions, officials from the Ministry of Finance and State Bank of Pakistan (SBP) engaged with the IMF delegation on various subjects, including Islamic banking reforms, refinance schemes, and the development finance transition.
The IMF delegation urged the operationalization of the Bank Resolution Framework to strengthen the banking sector and reduce financial risks.
Discussions also covered the external sector review and foreign exchange market trends, the sources added.
