Pakistan is likely to fail in achieving five key targets set by the International Monetary Fund (IMF) for the disbursement of the second tranche of loan.
As per sources, one of the primary concerns of Pakistan is the privatization of DISCOs, which is feared to remain incomplete by January. The target to maintain foreign exchange reserves equivalent to three months of import bills by March is also at risk.
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The well-placed sources told ARY News that revenue targets are unlikely to be met by December, while agricultural income tax and the assets declaration program, due by January, are also facing delays.
The Pakistan government is also at risk of failing to meet the condition of imposing agricultural income tax by January 1.
