KARACHI: The International Monetary Fund (IMF) on Saturday expressed concern over Pakistan’s efforts on revenue collection, with the authorities are saying they were unlikely to meet the annual target, official sources told media.
Pakistan and the IMF on Saturday began talks in Dubai for the release of the $775-million second tranche of the fund’s loan for Islamabad. The sources said the IMF delegation, was, however, satisfied with the overall macroeconomic targets of the country, including the GDP growth rate, the inflation level, tax collection, foreign direct investment, the privatisation process and the export and import targets.
The meeting between Pakistan and the IMF that started on February 14 and would continue until the 26th, is reviewing the second tranche of IMF’s loan for Pakistan. IMF’s executive board is expected to approve the second installment by March.
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