Pakistan’s interim government and the International Monetary Fund (IMF) have reportedly agreed on backup measures to be implemented by year-end if significant deviations from fiscal and monetary objectives jeopardize the $3 billion bailout. Technical-level discussions between the IMF mission and Pakistani authorities are set to conclude on November 10, focusing on data exchange and clarifications on macroeconomic areas. Policy-level talks, starting Monday, will address expanding retail sector taxation and refining real estate-based revenue targeting. Revenue concerns from lower-than-expected import growth remain, with both retail and real estate sectors expected to enhance contributions to the revenue stream by July 1, 2024.
Pakistan’s Interim Government and IMF Reach Consensus on Backup Measures in Ongoing Talks
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