Islamabad: The International Monetary Fund (IMF) has presented other demands to the government including privatization of loss-making public institutions, increase in electricity and gas prices.
According to the sources, the technical negotiations between the IMF and Pakistan have ended. In the negotiations, the IMF demanded Pakistan to increase electricity and gas tariffs, to impose 18% GST on petroleum, while on the privatization of loss-making public institutions. Emphasized.
Sources say that the IMF has also demanded to limit state intervention in the economy through privatization and regular audit of government institutions. Apart from this, the IMF has also called for the elimination of corruption, red tape, and the promotion of business and tax culture. They have demanded the privatization of many institutions including Saani, LNG power plants, house building finance.
read more: The IMF is giving a very tough time, the terms are unimaginable, Prime Minister
Sources say that while emphasizing on reducing the losses of PIA, steel mills and other institutions, the IMF has said that the institutional flaws should be removed for economic development, investment, employment, while the government and Equal opportunities and facilities should be provided to private institutions. Sources say that Pakistan and the IMF will now hold talks at the policy level.
(function(d, s, id){
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {return;}
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3&appId=770767426360150”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.7”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));