{"id":53185,"date":"2019-07-03T17:19:25","date_gmt":"2019-07-03T12:19:25","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53185"},"modified":"2019-07-03T17:19:25","modified_gmt":"2019-07-03T12:19:25","slug":"imf-suggests-policy-amendments-before-releasing-usd-6-bn-loan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-suggests-policy-amendments-before-releasing-usd-6-bn-loan.html","title":{"rendered":"IMF suggests policy amendments before releasing USD 6 bn loan"},"content":{"rendered":"<p>Islamabad: The International Monetary Fund\u00a0(IMF) has suggested amendments in some of the federal government\u2019s administrative policies and structures before it approves and releases the first tranche of a USD 500 million loan, according to a news source.<\/p>\n<p>Reportedly, Pakistan has been advised by the IMF to review the revenue collection method under the National Finance Commission (NFC) award, specifically the increase in the federal government\u2019s share. Additionally, the IMF recommended tax integration.<\/p>\n<p><strong>Read:<\/strong>\u00a0<a href=\"https:\/\/www.zameen.com\/news\/imf-presses-for-more-revenue-collection.html\" target=\"_blank\" rel=\"noopener noreferrer\">IMF presses for more revenue collection<\/a><\/p>\n<p>Moreover, Pakistan will need to reassure the IMF about the rollover of financial aid promised by its allies. Meeting this prerequisite should not be a problem as its allies have extended strong support to the country.<\/p>\n<p>The executive board of the IMF will be sitting down today (3<sup>rd<\/sup> July) to finalise the approval of the USD 6 billion loan. Sources say that an agreement has already been reached at the staff level between the organisation and Pakistan. Additionally, the government has said that it has met the conditions required for the approval of a loan from the IMF.<\/p>\n<p><strong>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/imf-bailout-package-finalised.html\" target=\"_blank\" rel=\"noopener noreferrer\">IMF bailout package finalised<\/a><\/strong><\/p>\n<p>There is a high chance for the loan to be approved, but Pakistan has still made alternative arrangements in case the approval is delayed to the next board meeting. If Pakistan is able to procure this loan from the IMF, the government will also be able to acquire another USD 3 billion in aid and financing from the <a href=\"https:\/\/www.zameen.com\/news\/world-bank-approves-loans-power-projects.html\" target=\"_blank\" rel=\"noopener noreferrer\">World Bank<\/a> and Asian Development Bank to alleviate its current financial crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The International Monetary Fund\u00a0(IMF) has suggested amendments in some of the federal government\u2019s administrative policies and structures before it approves and releases the first tranche of a USD 500 million loan, according to a news source. Reportedly, Pakistan has been advised by the IMF to review the revenue collection method under the National Finance Commission (NFC) award, specifically the increase in the federal government\u2019s share. Additionally, the IMF recommended tax integration. Read:\u00a0IMF presses for more revenue collection Moreover, Pakistan will need to reassure the IMF about the rollover of financial aid promised by its allies. Meeting this prerequisite should not be a problem as its allies have extended strong support to the country. The executive board of the IMF will be sitting down today (3rd July) to finalise the approval of the USD 6 billion loan. Sources say that an agreement has already been reached at the staff level between the organisation and Pakistan. Additionally, the government has said that it has met the conditions required for the approval of a loan from the IMF. Read:\u00a0IMF bailout package finalised There is a high chance for the loan to be approved, but Pakistan has still made alternative arrangements in case&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":[12083],"persona":[],"class_list":{"0":"post-53185","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-imf-suggests-policy-amendments-before-releasing-usd-6-bn-loan"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF suggests policy amendments before releasing USD 6 bn loan - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The International Monetary Fund\u00a0(IMF) has suggested amendments in some of the federal government\u2019s administrative policies and structures\" \/>\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\/imf-suggests-policy-amendments-before-releasing-usd-6-bn-loan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF suggests policy amendments before releasing USD 6 bn loan - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The International Monetary Fund\u00a0(IMF) has suggested amendments in some of the federal government\u2019s administrative policies and structures\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-suggests-policy-amendments-before-releasing-usd-6-bn-loan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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