Today, the ongoing dialogue between Pakistan and the International Monetary Fund (IMF) for the forthcoming loan tranche is set to proceed. The IMF representatives will be updated on various matters, including the Federal Bureau of Revenue (FBR) reforms, tax collection, and immediate steps to decrease tax collection for the current fiscal year.
In addition, officials from the State Bank of Pakistan (SBP) will share their strategy to introduce new plastic currency notes to combat counterfeit money, a practice already in place in Far Eastern nations and Switzerland.
Moreover, the IMF will receive updates on the progress of country reports under the United Nations Anti-Corruption Convention. As part of the IMF’s stipulations, Pakistan is required to compile an expert report on the effectiveness of its anti-corruption institutions. This task falls under the purview of the Ministry of Interior and the Ministry of Law.
The IMF will also be informed about the measures taken to enhance the performance of government institutions and the progress of privatization.
It’s worth noting that the IMF delegation arrived in Islamabad yesterday for discussions with Pakistani officials, including a meeting with Finance Minister Muhammad Aurangzeb.