Technical-level discussions between Pakistan and the International Monetary Fund (IMF) have commenced, with the Federal Board of Revenue (FBR) team, led by its Chairman, participating in the negotiations.
According to sources, FBR members, including the Member Land Revenue Operations and Member Legal, are part of the talks.
The IMF delegation has been briefed on the current fiscal year’s tax revenue targets and the progress made in legislative measures to expand the tax net.
Sources further revealed that the IMF mission is scheduled to meet officials from the Ministry of Finance later this afternoon.
The IMF delegation has also initiated technical-level discussions with officials from the State Bank of Pakistan (SBP) in Karachi.
Sources confirm that policy-level talks with SBP officials will follow the technical discussions.
The negotiations are being attended by the Governor of the State Bank and Deputy Governors. According to sources, the IMF delegation arrived at the State Bank office at 9:00 AM to begin the discussions.
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Meaning beggar and creditor begins talking