{"id":53088,"date":"2019-06-29T10:06:01","date_gmt":"2019-06-29T05:06:01","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53088"},"modified":"2019-06-28T19:08:37","modified_gmt":"2019-06-28T14:08:37","slug":"pakistan-to-take-final-budget-and-compliance-report-to-imf-on-july-3","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-to-take-final-budget-and-compliance-report-to-imf-on-july-3.html","title":{"rendered":"Pakistan to take final budget and compliance report to IMF on July 3"},"content":{"rendered":"<p>Islamabad: The Pakistan government will submit its finalised budget draft, along with a report on compliance with all prior actions, to the International Monetary Fund on July 3 \u2013 a news source reported.<\/p>\n<p>The budget and the report will feature as the key elements in IMF\u2019s board meeting geared towards granting Pakistan\u2019s request for access to a $6 billion bailout facility.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/pms-aide-reviews-budget-proposals-ahead-of-cabinet-meeting.html\" target=\"_blank\" rel=\"noopener noreferrer\">PM&#8217;s aide reviews budget proposals ahead of cabinet meeting<\/a><\/p>\n<p>According to a senior government official, the government\u2019s completion of all prior actions has paved the way for the board meeting next week. He said that the budget approval was the final development which Pakistan had to deliver before the IMF meeting. Other key prior actions included the actions on exchange rate, SBP policy rate, and electricity and gas rates.<\/p>\n<p>A Memorandum of Economic and Financial Policies (MEFP), to this effect, had already been transmitted to the IMF in line with the staff level agreement reached on May 12, according to officials. Pakistan will remain committed throughout the 39-month programme period to what the State Bank calls a \u2018market determined exchange rate\u2019.<\/p>\n<p>However, if at any stage the central bank comes across reasonable evidence to suggest artificial exchange rate manipulation at the hands of outside forces, it will be free to intervene in the proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Pakistan government will submit its finalised budget draft, along with a report on compliance with all prior actions, to the International Monetary Fund on July 3 \u2013 a news source reported. The budget and the report will feature as the key elements in IMF\u2019s board meeting geared towards granting Pakistan\u2019s request for access to a $6 billion bailout facility. Read:\u00a0PM&#8217;s aide reviews budget proposals ahead of cabinet meeting According to a senior government official, the government\u2019s completion of all prior actions has paved the way for the board meeting next week. He said that the budget approval was the final development which Pakistan had to deliver before the IMF meeting. Other key prior actions included the actions on exchange rate, SBP policy rate, and electricity and gas rates. A Memorandum of Economic and Financial Policies (MEFP), to this effect, had already been transmitted to the IMF in line with the staff level agreement reached on May 12, according to officials. Pakistan will remain committed throughout the 39-month programme period to what the State Bank calls a \u2018market determined exchange rate\u2019. However, if at any stage the central bank comes across reasonable evidence to suggest artificial exchange rate manipulation&hellip;<\/p>\n","protected":false},"author":18,"featured_media":51181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12050],"persona":[],"class_list":{"0":"post-53088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-pakistan-to-take-final-budget-and-compliance-report-to-imf-on-july-3"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan to take final budget and compliance report to IMF on July 3 - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Pakistan government will submit its finalised budget draft, along with a report on compliance with all prior actions, to the International\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-to-take-final-budget-and-compliance-report-to-imf-on-july-3.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan to take final budget and compliance report to IMF on July 3 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Pakistan government will submit its finalised budget draft, along with a report on compliance with all prior actions, to the International\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-to-take-final-budget-and-compliance-report-to-imf-on-july-3.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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