International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that a deal with Pakistan is very close.
In an interview given to the American magazine Bloomberg, Kristalina Georgieva said that the Pakistani authorities are implementing the program under very difficult conditions, but are very close to a deal with Pakistan.
She said that the main problem of Pakistan is tax, only 12 percent of the GDP is collected in the country, which we have proposed to increase to 15 percent.
It should be noted that the policy-level negotiations between Pakistan and the IMF are ongoing, the IMF has agreed to maintain the annual tax target of 9,415 billion for Pakistan, after which the mini-budget will not come.
Pakistan and the IMF have agreed not to raise interest rates further after the completion of policy talks.