Pakistan and IMF expected to resume virtual talks tomorrow.The IMF has demanded that notifications regarding the increase in sales tax and announcements related to monetary policy should also be made.
According to sources in Pakistan Alerts, prior to the talks, the IMF has set conditions for the collection of electricity bills, increases in sales tax, and announcements of additions to monetary policy.
The IMF has demanded that notifications for an increase in sales tax and announcements of additions to monetary policy be made as well.
It was further stated that an agreement would also have to be reached on determining interest rates in proportion to inflation. The State Bank has rescheduled the Monetary Policy Committee meeting from March 2 instead of March 16.
The State Bank’s Monetary Policy Committee will review the interest rate and inform the IMF of the decisions made at the committee’s meeting.
