Pakistan News

IMF demands details of Pakistan’s financial assistance deal with China, Said sources

ISLAMABAD: The International Monetary Fund (IMF) has demanded Pakistan to provide all details of its financial assistance deal with China, sources informed private news channel.

 

IMF delegates and Pakistani officials held another round of policy-level talks on Monday. According to the schedule, negotiations will continue on Tuesday as well.

 

Finance Minister Asad Umar said their stance differs with that of the IMF on several points.

 

Sources informed Geo News that the IMF demanded Pakistan to increase power tariff by 20 per cent.

 

They said differences between Pakistani officials and the global lender persist over the value of Pakistani rupee against dollar, whereas the IMF is also not satisfied with regard to reforms in Federal Board of Revenue (FBR).

 

The global lender demanded yearly audit of every tax payer from Pakistan, the sources said further, stressing practical measures to overcome shortfall in revenue.

 

It demanded Pakistan to set Rs4700 billion target for this year’s revenue collection.

 

However, the finance minister said all of their dealings with the IMF were transparent and nothing would be hidden in this regard.

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