PDL Ordinance to Please IMF
Saturday, July 11, 2009
The News International, Pakistan, Saturday, July 11, 2009
ISLAMABAD: The ‘tough negotiations’ going on between Pakistan and the International Monetary Fund (IMF) forced the government to hurriedly promulgate the PDL Ordinance to save the $7.6 billion loan programme from falling apart.
Pakistan and the IMF are currently holding talks on the budgetary measures for 2009-10. The suspension of carbon surcharge by the Supreme Court (SC) put the economic team, led by Adviser to the Prime Minister on Finance Shaukat Tarin, in a very “awkward situation”, as they were not in a position to convince the IMF over another revenue shortfall of Rs 122 billion in case the carbon tax was withdrawn.
More
ISLAMABAD: The ‘tough negotiations’ going on between Pakistan and the International Monetary Fund (IMF) forced the government to hurriedly promulgate the PDL Ordinance to save the $7.6 billion loan programme from falling apart.
Pakistan and the IMF are currently holding talks on the budgetary measures for 2009-10. The suspension of carbon surcharge by the Supreme Court (SC) put the economic team, led by Adviser to the Prime Minister on Finance Shaukat Tarin, in a very “awkward situation”, as they were not in a position to convince the IMF over another revenue shortfall of Rs 122 billion in case the carbon tax was withdrawn.
More
Labels: Finance, IMF, PDL Ordinance
posted @ 8:56 AM,
0 Comments:
Post a Comment