The objective remains to further strengthen the public finances and macroeconomic stabilization so that priority spending can be assured and inflationary pressures kept under check and reduced. - File Photo.
ISLAMABAD: Pakistan has proposed the IMF mission to finalize legislative framework for the Reformed General Sales Tax (RGST) in the coming days for submission to the parliament.
The International Monetary Fund (IMF) mission, led by Mr. Mazarei, has been engaged in discussions with the Government of Pakistan on the fifth review under the Standby Arrangement.
Measures to curtail energy subsidies have also been discussed with World Bank, Asian Development Bank and key stakeholders, said a statement issued by the Ministry of Finance here on Friday.
Progress has been made in agreeing to a framework for revisions of the 2010/11 budget, reflecting the additional burdens faced by the economy and the poor due to the unprecedented floods.
The objective remains to further strengthen the public finances and macroeconomic stabilization so that priority spending can be assured and inflationary pressures kept under check and reduced.
The Pakistani Government also proposed to meet with Mr. Mazarei and his team on November 13, and to continue the constructive discussions following the Pakistan Development Forum (PDF). – APP
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