{"id":82565,"date":"2021-12-25T10:00:00","date_gmt":"2021-12-25T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=82565"},"modified":"2021-12-24T17:46:15","modified_gmt":"2021-12-24T12:46:15","slug":"reviewed-eff-imf-board","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/reviewed-eff-imf-board.html","title":{"rendered":"Reviewed Extended Fund Facility to be presented to IMF board"},"content":{"rendered":"\n<p>Islamabad: The Finance Ministry on Thursday (December 23) confirmed that the sixth review of the USD 6 billion Extended Fund Facility (EFF) will be presented before the board of International Monetary Fund (IMF) on January 12 for disbursement of USD 1 billion tranche, according to media reports.\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistan-usd-2-77-bn-imf-under-sdrs.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan to receive USD 2.77 billion from IMF in COVID-related support<\/a><\/p>\n\n\n\n<p>According to details from the Finance Ministry, Pakistan will have to fulfil the <a href=\"https:\/\/www.zameen.com\/news\/govt-imf-staff-level-agreement-extended-fund-facility.html\" target=\"_blank\" rel=\"noreferrer noopener\">conditions imposed by the IMF<\/a> before the set date to present the review. The prior actions include the State Bank of Pakistan (SBP) (Amendment) Bill, an increase in energy tariff, and withdrawal of tax exemptions.\u00a0<\/p>\n\n\n\n<p>As per the details, the tax exemption of PKR 360 billion will be withdrawn through a mini-budget. Meanwhile, the SBP\u2019s Autonomy Bill will be passed through the National Assembly approval. It was reported that the government has withdrawn the mini-budget which includes the Tax Laws (Fourth) Amendment Bill because the IMF team refused the proposal of presenting the budget through a presidential ordinance.\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistan-receive-usd-2-8-bn-imf-under-sdrs.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan to receive USD 2.8 bn from IMF under new SDRs<\/a><\/p>\n\n\n\n<p>Reportedly, the IMF demanded the government to get parliamentary approval for the Tax Laws Amendment Bill and SBP Autonomy Bill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Finance Ministry on Thursday (December 23) confirmed that the sixth review of the USD 6 billion Extended Fund Facility (EFF) will be presented before the board of International Monetary Fund (IMF) on January 12 for disbursement of USD 1 billion tranche, according to media reports.\u00a0 Read: Pakistan to receive USD 2.77 billion from IMF in COVID-related support According to details from the Finance Ministry, Pakistan will have to fulfil the conditions imposed by the IMF before the set date to present the review. The prior actions include the State Bank of Pakistan (SBP) (Amendment) Bill, an increase in energy tariff, and withdrawal of tax exemptions.\u00a0 As per the details, the tax exemption of PKR 360 billion will be withdrawn through a mini-budget. Meanwhile, the SBP\u2019s Autonomy Bill will be passed through the National Assembly approval. It was reported that the government has withdrawn the mini-budget which includes the Tax Laws (Fourth) Amendment Bill because the IMF team refused the proposal of presenting the budget through a presidential ordinance.\u00a0 Read: Pakistan to receive USD 2.8 bn from IMF under new SDRs Reportedly, the IMF demanded the government to get parliamentary approval for the Tax Laws Amendment Bill and SBP&hellip;<\/p>\n","protected":false},"author":83,"featured_media":61048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[21797,50201],"persona":[],"class_list":{"0":"post-82565","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-international-monetary-fund-imf","9":"tag-reviewed-extended-fund-facility-to-be-presented-to-imf-board","10":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reviewed Extended Fund Facility to be presented to IMF board - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Finance Ministry on Thursday (December 23) confirmed that the sixth review of the USD 6 billion Extended Fund Facility (EFF) will be\" \/>\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\/reviewed-eff-imf-board.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reviewed Extended Fund Facility to be presented to IMF board - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Finance Ministry on Thursday (December 23) confirmed that the sixth review of the USD 6 billion Extended Fund Facility (EFF) will be\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/reviewed-eff-imf-board.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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