You are currently viewing IMF keenly observes Pakistani fiscal state of affairs

IMF keenly observes Pakistani fiscal state of affairs

ISLAMABAD: IMF staff, that is here for the second quarterly review before releasing the next tranche, is minutely examining the Pakistan’s fiscal state of affairs.

Although the PTI government claims that it had a tight control on the government’s expenditure restricting at Rs. 183 billion in July-December. The fiscal deficit in July-Dec 2019 amounted to Rs. 995 billion owing to a massive revenue shortfall of about Rs. 290 billion in corresponding period.

IMF appreciating the austerity measures held: “There was not a single supplementary grant allowed in first six months on the civil expenditure and austerity was religiously followed.”

Of the total $6bn Extended Fund Facility, Pakistan would actually receive net inflows of about $1.65 bn until 2023 as it would be repaying around $4.36bn to the IMF during the same period.

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.