Pakistan wins the IMF praise for the implementation of the program, but there is still no agreement

• GCD Evaluation Report Delay Delay Structural Reference Progress.
• The main policy tables for BOP and funding remain upset this week.
• The talks make progress, but emergency tax issues still have no consensus.
  

ISLAMABAD: Delays in confirmation of external funding and uncertainty about liberating the Evaluation and Corruption Evaluation Report (GCD) have emerged as key obstacles to the finalization of a Personnel Agreement (SLA) between Pakistan and International Monetary Fund The news reported on Friday.

Of the nine tables in the context of the Memorandum of Economic and Economic Policy (MEFP), those related to the balance of payment (BOP) and external funding needs remained upset. These tables will be completed now next week.

Second, the GCD evaluation report is a reference point that has not yet been released, the top official sources confirmed The news on Thursday.

Thirdly, as flooding damage assessments are still evolving, the IMF expects final estimates.

This correspondent made all the efforts to take a formal view, but the Ministry of Finance was preferred to remain silent. However, officials have hope that the pending issues will be resolved in the coming weeks, allowing a SLA to be achieved within the next seven to 15 days, if both sides resolve the issues friendly.

Finance Minister Muhammad Aurangzeb had said to a selected group of journalists on Wednesday night talking to the IMF and was productive and that SLA’s signature was just a matter of time. Sources reported that the IMF’s mission has called for confirmation from polymer and bilateral creditors on BOP and external funding, as the current account deficit could be further increased.

Interestingly, the IMF issued its statement in the early hours of Friday, following the departure of the Islamabad visits. According to a statement issued by Washington, a IMF team led by IVA Petrova visited Karachi and Islamabad from September 24 to October 8, to conduct discussions on the second review of the EFF and EFF Excuse of (RSF).

Upon completion of the discussions, Petrova issued the statement, clarifying that statements in the End Press Releases broadcast the preliminary findings of IMF staff teams after a visit to a country.

These views are only those of staff and do not necessarily represent the views of the IMF Executive Council. In addition, this mission will not lead to a debate by the Board of Directors.

The statement searched: “The IMF mission and the Pakistani authorities made significant progress towards achieving a SLA in the second review in the context of extensive 37 -month regulation under the EFF and the first 28 -month regulation review.

“The implementation of the program remains strong and widely aligned with the commitments of the Authorities. Significant progress has been made in discussions in several areas, including maintaining fiscal integration to strengthen public finances, providing the required flood recovery support. Governance and transparency, strengthening a more competitive business environment and freezing basic markets.

“The IMF team and the authorities will continue policy discussions in order to settle any excellent issues.” The IMF team wants to express its sympathy to those affected by the recent floods and are grateful to the Pakistani authorities, the private sector and the development partners for many fertile discussions and their hospitality throughout this mission, ”the IMF said.

Pakistan and the IMF could not develop a consensus on the emergency tax measure in the event of excessive lack of revenue in the second quarter of the current financial year.

The IMF opposed a levy on imported luxury items, while the FBR was not comfortable for launching tax rates on fertilizers and pesticides. Now the Ministry of Finance and the FBR will propose emergency tax measures to reach a personnel agreement.