IMF not asking for Do More: Dr Aisha Ghaus Pasha

MG News | June 16, 2022 at 01:41 PM GMT+05:00

0:00

June 16, 2022 (MLN): The International Monetary Fund (IMF) is not asking for “Do More” as the conditions pertaining to fiscal consolidation were already the part of the agreement, signed by the previous government, Minister of State for Finance and Revenue Dr. Aisha Ghaus Pasha said on Thursday.

“Taxation of personal income tax, abolishment of subsidies, petroleum levy, and increase in electricity prices were all agreed by the previous government,” she added.

“IMF is not asking anything other than the compliance of the previously agreed terms and conditions,” she noted.

She further added that the previous government had delayed the compliance for a notable time period this is why the present government has to take tough decisions in a row for the much-needed IMF tranche.

“We are hopeful of completing the IMF program in days to come,” she said.

With regards to the $2.3 billion funding from China, she said that inflow is expected shortly after some routine approvals.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,115.82 431.76M	-1.03% -1778.46
ALLSHR	102,630.82 1,022.40M	-0.72% -743.98
KSE30	51,478.54 123.81M	-1.23% -641.56
KMI30	245,731.79 184.52M	-1.22% -3035.83
KMIALLSHR	66,650.32 595.11M	-0.81% -541.20
BKTi	47,279.59 41.00M	-1.38% -660.98
OGTi	35,704.94 10.73M	-1.65% -598.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,390.00	80,730.00 79,370.00	45.00 0.06%
BRENT CRUDE	100.25	102.92 99.55	0.19 0.19%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-3.30 -2.91%
ROTTERDAM COAL MONTHLY	107.10	107.75 106.20	2.10 2.00%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	94.68	98.64 93.82	-0.13 -0.14%
SUGAR #11 WORLD	14.69	14.75 14.46	0.15 1.03%