'No disagreement on the end goal between the two sides'
International Monetary Fund (IMF)
Federal Board of Revenue (FBR) spokesman on Wednesday denied giving any inputs to media regarding the ongoing talks between the government's economic team with the International Monetary Fund (IMF) delegation visiting Pakistan.
Murtaza Syed is currently the second such appointment at the top hierarchy of the SBP after the incumbent state bank's Governor Reza Baqir had also served for the international financial body-IMF.
IMF resident representative in Islamabad Teresa Daban Sanchez talking to newsmen here said that the IMF programme will ensure stability of growth rate in Pakistan.
Adviser to Prime Minister on Finance and Revenue Dr Hafeez Shaikh will proceed to Washington along with his financial team to sign agreement with the IMF.
Pakistan and the IMF have reached to an agreement over several key issues including leaving value of the rupee to be determined by the market, hike in interest rate, withdrawal of tax concessions, increase in tax recoveries, hike in electricity and gas tariffs, according to the sources.
In the upcoming budget the government will likely to announce Rs. 750 billion's new taxes, the working paper suggests.
Shaikh said that Pakistan intends to move ahead the negotiations with the IMF. The IMF has assured to send its delegation to Pakistan, he further said.
A mission of the IMF will reach Pakistan in the last week of April and the financial bailout package will be finalized on arrival of the delegation, Umar told a session of the National Assembly's standing committee on finance today.
In its flagship World Economic Outlook, the IMF projects mid-term growth prospects for Pakistan to remain subdued at 2.5 percent by 2024.