IMF team lands to review programme progress

ISLAMABAD: To conduct formal talks with top Government officials, the Interna­tional Monetary Fund’s (IMF) the Middle East and Central Asia Director Jihad Azour along with an eight-member delegation arrived in Islamabad for a routine visit. The delegation will remain in Pakistan until September 20.

The government stepped up efforts to recover about Rs85 billion additional revenue from the electricity and gas consumers and derive a road map to bridge gaps present in tax collection.

The team has held informal meetings with Adviser to the Prime Minister on Finance Abdul Hafeez Shaikh and Federal Board of Revenue (FBR) Chairman Shabbar Zaidi.

Furthermore, meetings with Hafeez Shaikh and various other top officials of the Ministry of Finance, Planning Minister Khusro Bakhtyar, Planning Commission Officials and the Minister of Economic Affairs Hammad Azhar and the team, Chairperson and members of the National Electronic Power and Regulatory Authority (NEPRA), Oil and Gas Regulatory Authority (OGRA) and Securities and Exchange Commission of Pakistan will be held before the delegation travels to Karachi to hold discussions at the State Bank of Pakistan and with other stakeholders.

An interactive session with National Assembly’s Standing Committee on Finance led by former finance minister Asad Umar will also be conducted.

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