FinMin rules out mini-budget after IMF’s ‘productive’ visit
16 November, 2024 16:17
The government has denied the possibility of a mini-budget after the conclusion of the visit of the International Monetary Fund to Pakistan.
It also dismissed reports of additional tax measures.
The IMF’s mission, which was led by Nathan Porter concluded a staff visit to Pakistan from November 12 to 15.
Finance Minister Senator Muhammad Aurangzeb told a local TV that the discussions with the IMF were constructive and productive.
He added that virtual negotiations with the IMF, however, are ongoing, as certain points required in-person discussions.
The finance minister stressed that fact-based talks were held with the IMF team.
He said thag the global lender’s team listened carefully to Pakistan’s position and appeared satisfied with the discussions.
Auranzeb said: “The purpose of the IMF’s visit was not to review the economy but to build confidence.”
Earlier today, the IMF said it has urged Pakistan to broaden its tax base by targeting untapped revenue sources — as the country grapples with challenges in expanding its tax collection.
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