To prevent the spread of fake currency in the country, the government has planned to issue plastic notes, State Bank officials will brief the IMF delegation on the plan to issue new plastic notes to prevent fake currency. And negotiations between the IMF mission for the next tranche of the loan will continue today.
State Bank says that such plastic currency notes are being used in Far Eastern countries and Switzerland. The IMF will also be briefed on issuing the country report under the United Nations Anti-Corruption Convention. In today’s meeting with the IMF, the IMF will also be briefed on improving the efficiency of government institutions and privatization. will
IMF officials will be briefed on FBR reforms, tax collection and other issues, also on more immediate measures to reduce tax collection this fiscal year. There was a condition to prepare a report from the experts about the efficiency. This condition of IMF has to be implemented by Ministry of Interior and Ministry of Law.
It should be remembered that the IMF had reached Islamabad yesterday for talks with the Pakistani authorities. The IMF team also met Finance Minister Muhammad Aurangzeb. The International Monetary Fund (IMF) had demanded more steps from the government for the new program, while the government had asked the IMF to provide electricity and gas. Revolving credit freeze was assured. The IMF demanded concrete steps from the government to end the theft of electricity and gas. The IMF asked for a time frame for handing over the management of government discos to the private sector.
