Islamabad, March 27 -- The International Monetary Fund (IMF) has shared the draft of its Memorandum of Economic and Financial Policies with Pakistan (MEFP), laying out key parameters for the country's 2026-27 budget, while also pushing for more frequent adjustments in fuel prices as part of ongoing negotiations.
The exchange of drafts between the two sides is geared towards reaching a staff-level agreement for the third review and release of the fourth tranche of its loan under the $7bn Extended Fund Facility (EFF), alongside access to $1.4bn through the Resilience and Sustainability Facility (RSF), reports Dawn.
Under the proposed framework, the Pakistan Federal Board of Revenue is expected to target tax collection of PKR15.08tn ($54bn) ...