Islamabad (Staff Report/Agencies): Federal Minister for Revenue and Finance Miftah Ismail has said that the stalled International Monetary Fund’s (IMF) Extended Fund Facility (EFF) will be revived within two days.
“I am very hopeful that the IMF programme will be revived,” Miftah Ismail said while speaking to journalists on Monday. He said the government aims at taxing the wealthy and providing relief to the poor through the budget for the FY 2022-23.
“IMF has no relation with the increase in salaries. Also, the tax exemption to the people earning below 1.2 million will remain in place,” he said.
Earlier, the finance minister said that the country’s current account deficit during April came down to $623 million, less than half of the average for the first nine months of 2021-22.
“This is a very good sign for external stability,” he remarked. “With positive IMF talks underway, we expect a turnaround in the economic situation very soon,” he said in a tweet.