Pakistan, IMF begin talks on economic reforms, new loan program
Proposals include ban on recruitment to grades 1-16 vacant posts, no allocation of funds for lawmakers
World Bank projects 15% inflation for Pakistan next year
Predicts Pakistan’s financial deficit to hit 8% of GDP this year
World Bank forecasts economic recovery in Pakistan
WB report says inflation is expected to slow down to 15% in the next fiscal year
PM Shehbaz Sharif forms 9-member Economic Advisory Council
Shehbaz will also consult council regarding budget, economic policies for new fiscal year
Pakistan-IMF technical talks conclude; policy-level discussions to begin on May 20
Staff-level agreement anticipated at conclusion of policy discussions
Cut down expenses or risk economic woes, IMF tells Pakistan
Govt assures the IMF of debt reduction through expenditure control
IMF demands expansion of poverty alleviation programs such as BISP
Pakistan shares plans to protect BISP beneficiaries through cash transfer programs related to power tariffs
IMF wants govt to increase fines on unregistered traders, tax for non-filers
Budget likely to introduce higher taxes on import of non-essential, luxury goods, including vehicles above 1300cc
Govt assures IMF of transparency in SIFC operations
There will be no unequal investment opportunities, incentives, promises of guaranteed returns through forum
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