An International Monetary Fund (IMF) mission is scheduled to visit Pakistan from November 11-15 to discuss climate financing, budgeting, and economic performance, sources told ProPakistani.
Pakistan is aiming to successfully negotiate $1 billion in climate financing to address challenges in this category. The discussions will also cover Pakistan’s commitment to generating 60 percent of its energy from alternative sources by 2030.
Key topics on the agenda include a review of Pakistan’s budget targets, fiscal performance, and a report on environmental policies under the National Clean Air Policy.
The IMF team will review the progress on implementing Euro 5 and Euro 6 standards and will assess Pakistan’s efforts in pollution control and the promotion of green energy.
The mission will also receive reports on the Billion Tree Tsunami project, measures to curb environmental pollution, and policies to ban the burning of crop residue.
Meanwhile, the Finance Division plans to provide updates on first-quarter budget targets, revenue collection by the Federal Board of Revenue (FBR), and the circular debt management plan for the ongoing fiscal year.
Sources added that an assessment of the current economic situation will be included in the talks, although the first economic review under the Extended Fund Facility (EFF) program is scheduled for early 2025.
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