Islamabad: Pakistan and the IMF have agreed on important targets for the upcoming federal budget, including the government not borrowing from the State Bank of Pakistan.
According to details, the Ministry of Finance and the IMF have set important targets for the upcoming federal budget. Sources said that it has been decided that the government will not borrow from the State Bank of Pakistan in the upcoming fiscal year.
The sources said that there is an agreement between the Ministry of Finance and the IMF that external payments will be made on time and that the government will be bound to timely refunds of the IMF.
Sources said that to improve foreign exchange reserves, bonds will be issued in the international market for payments, there will be no restrictions on revenues, and there will be no restrictions on international transactions.
The State Bank, the Ministry of Finance, and energy information will also be shared with the IMF, while the IMF will obtain information from the FBR, the Statistics Bureau, and the market-based exchange rate.
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