ISLAMABAD: Pakistani officials and International Monetary Fund (IMF) are expected to discuss in second round of talks today (Tuesday) in Islamabad in order to assess approach to hike power and gas tariff along with circular debt.
According to details, after first round of strategy level talks which were held on Monday, the government is probable to hike power and gas tariff & tax net.
During the first round of talks, the Finance Ministry officials and Federal Board of Revenue (FBR) explained the IMF delegation the next budget and strategy being taken to raise tax.
Furthermore, the IMF delegation, which is directed by its chief Herald Finger, started off almost two weeks earlier with Pakistani team on the official written request of Islamabad for a possible bailout package, and it will be Pakistan’s 13th bailout.
Also, on 11th October, Pakistan had officially asked for financial assistance from the IMF, the fund, setting in action for a sequence of talks that could direct towards a bailout.
However, the new PTI lead government is facing issues due to Pakistan’s serious current account deficit along with falling foreign exchange reserves to just $8.4 billion, which are hardly enough to cover the country’s imports for the rest of this year.
Recently, Pakistani officials had held discussions with China and Saudi Arabia in order to stay away from asking for IMF support.
 are expected to discuss in second round of talks today (Tuesday) in Islamabad in order to assess approach to hike power and gas tariff along with circular debt.){kind=link}