No mini-budget will be introduced by the end of June, as the International Monetary Fund (IMF) has expressed satisfaction with Pakistan’s financial measures, Express News expressed Friday.

The last negotiation day between Pakistan and the IMF is completed today after technical sessions and discussions at the policy level.

A meeting between the IMF delegation and the Minister of Finance Ishaq Dar is planned today with an IFTAR dinner hosted by the minister in honor of the delegation.

Once the negotiations are completed, the IMF team will prepare an assessment report that will be submitted to the Executive Board for a decision to release the next $ 1 billion tranche of financial assistance to Pakistan.

The agenda for today includes review of Pakistan’s budgetary goals, the execution of the current financial year and discussion of tax deficits and new tax targets. Both sides are expected to complete proposals before the end of the negotiations.

Pakistan has engaged in extensive discussions with the IMF, met most of the institution’s goals and delivered all necessary financial data. However, the IMF has called for the removal of tax exemptions for solar panels and electric vehicles, which it considers as luxury articles that benefit the wealthy.

The IMF also pressed for the elimination of tax breaks on electric vehicle parts and stricter enforcement of fiscal discipline.

Once the negotiations are completed, the IMF delegation is set to return, with the final agreements that are expected to shape the next phase of Pakistan’s financial support from the global lender.

Pakistan on Thursday called on the International Monetary Fund (IMF) to allow it to reduce tax rates on par with regional countries to stop the rising outward money on money, as the global lender did not see any greater progress in exploiting real income for retailers and real estate dealers.

On the second last day of the negotiations, the IMF also briefed the foreign diplomats on the results of the first review. The IMF showed largely satisfaction with the implementation of the program except in property, real estate and privatization, according to the people who are interested in the meeting.

The global lender supported a steady increase in economic growth and said that any rapid change to higher growth rate may cause concerns about higher tax deficits.