Pakistan is expected to pass the first revision of IMF loan $ 7 billion: Report

• Pakistan approves new tax measures, privatization efforts for the IMF.
• The government is aiming for economic growth after stability.
• Pakistan has raised $ 1 billion as a loan installment after IMF approval.
  

Pakistan is expected to successfully complete the initial assessment of the $ 7 billion loan program with the International Monetary Fund (IMF), as it has taken sufficient measures to stimulate revenue, according to officials and diplomats reported Parachute.

Islamabad secured a $ 7 billion (EFF) facilitating facility last summer to help make its way out of an economic crisis.

The program has played a key role in stabilizing Pakistan’s economy, and the government has said the country is ongoing for a long -term recovery.

The news He said on Wednesday that Prime Minister Shehbaz Sharif, the government approved a law on tax farming, attempted to sell a share to Pakistan’s state -run international airlines, and took action to meet an ambitious tax target and to present them.

A IMF team, led by the head of the Pakistani Pakistan, is in Pakistan this week to meet with government officials and evaluate their progress in dealing with the terms of the loan.

If the IMF approves the first loan review, the country is according to $ 1 billion as the second tranche of the loan package. The IMF review is closely monitored by investors as a sign of progress in economic reforms.

Prime Minister Shehbaz told the CEO of the world loan Kristalina Georgieva last month that his government plans to submit a plan to enhance economic growth after stability. The IMF chief said in a X position that the lender was encouraged by the strong commitment and reforms of Pakistan.

Finance Minister Muhammad Aurangzeb told Reuters that Pakistan was “well -positioned” for the first revision of the $ 7 billion International Monetary Fund program, as talks with the worldwide lender began on Tuesday.

“It’s here, we’ll have two rounds of talks, first technically and then a policy level,” Finance Minister Muhammad Aurangzeb said.

“I think we’re well placed” for the review, he said.

Finmin said in an interview last month that the country will achieve its revenue goals for use by June and each deficit will be achieved by expanding the tax network. He has said separately that the nation is sure to meet other program goals.

Pakistan was able to build some confidence with the IMF completing a short -term program of nine months last year. Previous loan programs in Pakistan expired prematurely or saw delays after governments at the time they retreated in the face of basic conditions.