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IMF delegation arrives today

June 18, 2014

A high-powered delegation of International Monetary Fund (IMF) on a weeklong visit will arrive in Islamabad today (Wednesday).

The delegation would hold talks with Finance Minister Ishaq Dar including officials from Finance Ministry, Planning Division, FBR officials and others. The IMF officials would discuss about the tax targets, reforms in tax system in Pakistan, IMF loans and interests.

It would be the very first visit of IMF high-level delegation to Pakistan and meeting with the newly elected PML-N government following the announcement of Federal Budget 2013-14.

As the Finance Minister, Ishaq Dar has already announced that the government can take more loans for pay off the old loans; however, the volume of new loans would not be increased.

Sources said that the cost of budget deficit of the next financial year has been indicated as Rs 2.9billion dollars and for this purpose bailout would be sought from IMF.

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Source: Daily Messenger (Pakistan)

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