Pakistan and the International Monetary Fund (IMF) agreed not to raise interest rates further in policy-level talks.
Today is the last day of talks between Pakistan and the IMF delegation and sources say that the economic review talks with the IMF delegation are close to success.
According to sources, IMF mission and economic team completed talks in all sectors, caretaker finance minister Shamsmad Akhtar completed policy level talks with IMF mission, today IMF mission and economic team completed MEMORANDUM. It is likely that the draft ECONOMIC AND FISCAL POLICIES (MEFP) will be prepared.
According to sources, an unexpected tax on banks’ profits will be imposed for the 2021 and 2022 financial years, and the unexpected tax on banks’ profits will be collected next month.
Sources in the Ministry of Finance say that there is no need to amend the Finance Bill to impose a windfall tax on banks, but the approval of the Federal Cabinet is required.
According to information obtained from Ministry of Finance sources, an agreement was reached between the parties not to increase the interest rate further. I have a chance to meet you.
news source (dailythepatriot.com)