The talks between cash-strapped Pakistan and the IMF will continue over the weekend after the parleys between the two sides reached a deadlock due to Prime Minister Imran Khan\u2019s reservations over heavy taxation the people would have to bear, according to a media report on Saturday.<\/p>\n\n\n\n
Head\n of IMF Mission to Pakistan Ernesto Rigo is currently in Islamabad as \nthe country hopes to strike a deal with the global lender for a three \nyear bailout package totalling around USD 6.5 billion.But things went \noff the track after the IMF insisted on inclusion of some new conditions\n in the programme, which appeared unreasonable.Prime Minister Imran Khan\n also expressed reservations over massive additional taxes burden that \nthe nation will bear from July this year, provided both sides reach an \nagreement, it said.<\/p>\n\n\n\n
Sources in the ministry of finance said that \nthere were at least three main sticking points that led to inconclusive \ntalks till the last day of the IMF visit. As of Thursday, the top \nmanagement of the Ministry of Finance was hopeful to conclude the deal \nand the IMF team had planned to return on May 11, the report \nsaid.Pakistan has accepted the IMF\u2019s demands of flexible exchange rate \nregime, withdrawal of subsidies, containing borrowing from the central \nbank and reinitiating the privatisation programme.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
The talks between cash-strapped Pakistan and the IMF will continue over the weekend after the parleys between the two sides reached a deadlock due to Prime Minister Imran Khan\u2019s reservations over heavy taxation the people would have to bear, according to a media report on Saturday. Head of IMF Mission to Pakistan Ernesto Rigo is […]<\/p>\n","protected":false},"author":1,"featured_media":61007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-61006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/61006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=61006"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/61006\/revisions"}],"predecessor-version":[{"id":61008,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/61006\/revisions\/61008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/61007"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=61006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=61006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=61006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}