ISLAMABAD: The schedule of the IMF Executive Board meeting has been released, but the issue of Pakistan is not included in the schedule.
Differences persist between the IMF and Pakistan over estimates of tax collection targets in the federal budget for the next fiscal year.
The new schedule of the IMF Executive Board meeting till June 14 has been released and the matter of Pakistan is not included in the schedule as there is no staff level agreement yet.
The deadlock between Pakistan and the IMF on the revival of the loan program remains, but the government is hopeful of a staff-level agreement by June 30.
According to the sources, the IMF is insisting on raising the tax target to 9800 billion rupees, while the Ministry of Finance is proposing to set the annual tax target at 9200 billion rupees.
