Islamabad, November 22, 2021 (PPI-OT):Prime Minister’s Advisor on Finance Shaukat Tarin says negotiations between Pakistan and the International Monetary Fund have successfully reached to an understanding under which the IMF will provide one billion dollars to Pakistan.

Addressing a news briefing, along with Energy Minister Hammad Azhar in Islamabad on Monday evening, he said the Fund has appreciated Pakistan’ reforms in various sectors. He said the IMF emphasises on bringing transparency to the governance of State Owned Enterprises, easing tax laws, and focusing on targeted subsidy. He said the IMF appreciated the Ehsaas Program and Kamyab Jawan Program.

The Advisor said the IMF has also recommended some prior actions, including imposition of petroleum levy, rationalization of the State Bank of Pakistan act, audit of Covid-19 pandemic expenditure, and the detail of beneficial owners of anti-Covid vaccine manufacturing companies. He said the government will have to raise the petroleum levy per by four rupees litre in every quarter.

Speaking on the occasion, Hammad Azhar says there will be no impact on winter package and industrial tariff as a result of prior action recommended by the IMF. He said perhaps, we will have to increase electricity tariff in next few months. He expressed the hope that there will be more economic stability after this program.

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Government of Pakistan
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Email: info@moib.gov.pk
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