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Job undone: Dar to face IMF next week

Job undone: Dar to face IMF next week

ISLAMABAD: Pakistan’s economic team lead by Finance Minister Ishaq Dar is likely to face criticism by International Monetary Fund (IMF) in Dubai next week on its failure to broaden the tax base in last fiscal year.
A source from FBR told Customs Today that the talks with the IMF going to begin next week in Dubai and economic team may face tough time in negotiations over the poor performance as it failed to achieve its revenue target of last year even after revising the target several times.
The Finance Minister Ishaq Dar is expected to head the policy-level negotiations with IMF team led by Jeffrey Franks from August 11, although, technical-level discussions would begin from August 6, 2014.
Moreover source said that officials of budget wing Finance Ministry, State Bank of Pakistan as well as officials of Federal Board of Revenue (FBR) and Ministry of Water and Power would take part in these discussions.
Meanwhile, IMF mission planned for early August will summarize on the latest developments with data dissemination, said Gerry Rice Director Communications Department IMF. Talking to media persons in Washington, Gerry Rice said: “The IMF has been providing technical assistance to Pakistan on improving national account statistics with major progress observed over the course of the last year. The upcoming mission scheduled for early August, will summarize on latest developments with data dissemination” he added.