Pak agree IMF on budget & to increase salaries and pension latest news:

There is coordination between Pakistan and IMF on budget negotiations, salaries, pension increase latest news. I’m sharing with you the latest news updates today regarding salaries and pension increment for Government Employees in Pakistan Budget 2020-21.

The third round of budget talks between Pakistan and the International Monetary Fund (IMF) was a success. According to sources, in the third round of budget talks between Pakistan and the IMF, it was agreed that electricity and gas would not be expensive until October, while there was also agreement to increase salary / pay and pensions. Sources said that the IMF has also agreed to relief in the first quarter of the next financial year while agreeing on alternative revenues to overcome the budget deficit.

Latest News Today of Pakistan Budget 2020-21 regarding Salaries and Pension Increase for Govt Employees

Pakistan has assured the IMF that non-tax revenues will be increased, sources said, adding that the IMF will keep conditions soft till September 30, while the federal government will continue to freeze loans from the SBP. According to sources, Pakistan will adhere to the existing loan program while the IMF has been assured that most of the terms of the current loan program will be fulfilled after October.

It may be recalled that the federal government has decided to prepare the budget for the next financial year in the light of the recommendations of the International Monetary Fund. Sources said that the budget and current account deficit targets will be set in accordance with the recommendations of the IMF.