Asad Umer apprises IMF regarding measures taken for economic turnaround
ISLAMABAD: Finance Minister Asad Umar on Tuesday held a meeting with International Monetary Fund mission and informed it regarding corrective measures being taken to remove imbalances in the economy.
The IMF team which is on a visit to Pakistan for bailout talks, the minister apprised the delegation that government intends to introduce structural and institutional reforms for a turnaround in the economy, APP reported.
The government will also invest more in social protection, human development and creating employment opportunities, Umar said.
The IMF mission will continue its discussions with officials during the next several days.
It expressed its dissatisfaction at the current state of Pakistan’s tax collection, a team representing the body that arrived here in the city to discuss the country’s ongoing financial crisis said late Monday.
Finger, a senior economist and an adviser to the IMF, further stressed on effective measures required to increase the tax collection in order for Pakistan to deal with and recover from its financial crunch and current account deficit.
According to sources, the IMF also indicated its support towards the FBR’s move to send notices to tax defaulters that, according to the federal government body, have been issued to thousands of the non-payers at present.
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