Pakistan Braces for Tough IMF Talks Over Revenue Targets in Second Review
Islamabad, (International Desk) — Pakistan is expected to face tough negotiations with the International Monetary Fund (IMF) during the second economic review, as revenue shortfalls threaten to complicate the country’s commitments under the bailout program. According to official sources, the government set a revenue target of PKR 3.083 trillion ($11.1 billion) for the July–September quarter….
Islamabad, (International Desk) — Pakistan is expected to face tough negotiations with the International Monetary Fund (IMF) during the second economic review, as revenue shortfalls threaten to complicate the country’s commitments under the bailout program.
According to official sources, the government set a revenue target of PKR 3.083 trillion ($11.1 billion) for the July–September quarter. To meet this goal, the Federal Board of Revenue (FBR) will need to collect nearly PKR 1.1 trillion in the next two weeks.
Meeting the target requires revenue growth of 21 percent. However, FBR has so far achieved only 15 percent growth during July–August. Officials say slower collections have been driven by the economic fallout of recent floods and challenges in utility bill payments.
The outcome of the review will be closely watched by international creditors as Pakistan seeks to stabilize its fragile economy under the IMF program.
