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Summary IMF will restore loans prgramme for Pakistan after July as all of its demands have been met.
Sources said Pakistan has met most of the demands put forth by the International Monetary Fund. Most demands regarding the Reformed General Sales Tax (RGST) have been implemented while reforms in the power sector are in the process. Similarly, tax exemptions have been done away with. Sources said Pakistan is likely to get $1.6 billion following talks with the International Monetary Fund in the next month. The talks are likely to be held in the third week of July in Islamabad or Dubai.Sources said the IMF will restore loans for Pakistan after the talks and Pakistan would get at least $1.6 billion. Out of $11.billion loan, Pakistan has so far got $8 billion. The loan programme has been suspended for the last one year. Sources in the Finance Ministry said budget deficit is feared to top Rs 960 billion this fiscal.
