The IMF has given Pakistani authorities the draft Memorandum of Economic and Financial Policies (MEFP) to help build consensus.

This step could pave the way for reaching an agreement at staff level according to the Extended Fund Facility of $ 7 billion (EFF).

According to sources, some relief measures are considered for construction and real estate sectors. However, it has not yet been decided whether these relief measures will be implemented immediately or included in the upcoming budget.

It is worth noting that the negotiations between Pakistan and the IMF concluded without a final agreement and that a staff-level agreement remains important before the release of a traction of $ 1 billion.

Meanwhile, the IMF has introduced strict conditions for financial discipline, Express News reported.

Sources indicate that the Federal Board of Revenue (FBR) fell during its tax collection target, which received costs for cuts and further measures to achieve a primary profit. The IMF has also proposed to reduce electricity prices and maintain the petroleum tax for Rs 70 per year. Liter.

Furthermore, the IMF has asked how the government plans to tackle circular debt, as previously cross -cutting underfilled models have failed in the past. In response, the government has presented a six-year plan to eliminate circular debt in the energy sector.

According to sources, if the IMF approves the draft, the Pakistani government is expected to receive financial relief.

Earlier, the IMF mission returned to Washington without reaching a staff deal with Pakistan on the release of over $ 1 billion loan tranches, but it said “significant progress” was made during the conversations to strike an agreement.

A day after the end of the first review interviews, the IMF issued a press release that recognized “strong implementation” on the program. But it remained shortly after announcing the staff level agreement, which is critical for maintaining financial stability in Pakistan.