Negotiations between Pakistan and IMF mission officials will continue today.
According to sources, IMF officials will be briefed on FBR reforms, tax collection, and other issues.
Sources say that a briefing will also be given on the State Bank’s plan to issue new plastic notes, on more immediate measures to reduce tax collection this fiscal year.
According to sources, the IMF will also be briefed on issuing country reports under the United Nations Anti-Corruption Convention.
In this regard, sources say that the IMF had set a condition for Pakistan to prepare a port from experts on the efficiency of anti-corruption institutions, this condition has to be implemented by the Ministry of Interior and the Ministry of Law.
Pakistan will inform the IMF of its plan to launch new plastic currency notes during ongoing negotiations.
This briefing is a component of a broader discussion regarding tax reforms and ways to combat fake currency.
The IMF will also review reduced tax collection, anti-corruption activities, and reforms to the Federal Board of Revenue (FBR).
To obtain the subsequent installment under its $3 billion IMF standby contract.
The International Monetary Fund is a well-known United governments financial organization and a global financial institution backed by 190 member governments. Its main office is located in Washington, D.C.
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