IMF’s emphasizes on improving revenue collection – Alfalah Securities Limited

Karachi, January 10, 2013 (PPI-OT): A delegation from IMF has stated that Pakistan is unlikely to achieve budgetary targets of revenue collection and gross domestic product (GDP) growth for the FY13 during the talks for biannual Post Programme Monitoring (PPM) of 2008 approved Stand-By-Arrangement (SBA).

According to Alfalah Securities Limited, the IMF team discussed and assessed Pakistan’s ability to repay the remaining instalments of IMF-SBA (Stand-by-Arrangement). IMF may also emphasized to increase the revenue collection as it believes that that budget deficit target of 4.7% for FY13 may not be achieved due to shortfall in revenue collection and non-materialization of other budgetary non-tax revenue.