Summary On January 13, the government had provided a roadmap of the privatization to the IMF
ISLAMABAD (Dunya News) – Pakistan authorities are scheduled to hold meeting with International Monetary Fund (IMF) representatives in Dubai for approval of USD 50 crore installment, Dunya News reported Tuesday.
Sources said that the authorities would brief the IMF over steps taken to expand tax-payers’ base while the participants will hold tenth review talks pertaining to Pakistan’s Economic Reform Programme.
The authorities would brief the international officials in bid to get another installment of loan. According to the government, the new scheme would result not only in tax collections but filers’ number. Sources said that the government representatives would also brief the officials over privatization of government institutions.
On January 13, the government had provided a roadmap of the privatization spree under IMF’s Economic Reforms Programme.
According to the blueprint, steel mills would be privatized by September 2016. While by June, at least 26 percent shares of the national airlines would also be sold.
Meanwhile, the government is desirous of selling ten percent to 15 percent shares of the State Life, Kot Addu Power Company’s 40 percent and Mari Petroleum Limited’s 18 percent shares in the ongoing year.
The authorities will also discuss progress in China-Pakistan Economic Corridor (CPEC) and voluntary tax scheme.
The international organization had signed a pact with Pakistan in September 2013. The International Monetary Fund had agreed to grant Pakistan USD 6.64 billion over a span of three years to stable its economy.
Under the agreement, the IMF has given USD 5 billion until now to Pakistan.
