Pakistan Advised to Adjust Policies
Islamabad: The urgent requirement is for Pakistan to alter its policies and reforms, enhance revenue collection, implement ambitious tax policy reforms, and implement broad-based fiscal structural reforms.
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During a keynote address to the Sustainable Development Policy Institute, Teresa Daban Sanchez, a country representative for the International Monetary Fund (IMF), shared these opinions (SDPI).
She said that Pakistan’s Extended Fund Facility (EFF) was on track to accomplish a number of significant objectives, including revenue-based budgetary sustainability.
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The IMF representative also noted that fiscal policy was responsible and that monetary policy was accommodating, while public debt guarantees risen to 92.8% of GDP.
Recalibrating the circular debt management plan (CDMP), which entails short- and medium-term actions including raising revenue by matching electricity tariffs with cost recovery levels, cutting generation costs, and streamlining fiscal effect, would be significant advances in the energy and gas industry.
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According to her, rules needed to be updated to account for reality, and the programme would be adjusted as necessary in the event of a third wave shock because the package was not a restriction.
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