The federal government has ruled out the chances of a supplementary budget after the Mission of the IMF addressed the issue, claiming that the mission’s objective was to instill assurance rather than to evaluate the nation’s economic status.
IMF Mission in Pakistan: Confidence And Core Principles
After the completion of the International Monetary Fund (IMF) mission to Pakistan, the federal government has ruled out the chances of reintroducing a mini-budget and dismissed claims of new taxes. This comes in the context of the Nathan Porter-led IMF team, which wrapped up its staff visit to Pakistan from November 12 to November 15.
Also Read: IMF to Dispatch Emergency Mission to Pakistan for Mini-Budget Talks
Constructive Discussions
Senator Muhammad Aurangzeb, the Finance Minister, stated that the meetings held with the International Monetary Fund were useful and up to productive standards. He pointed out that there are ongoing discussions with the IMF as some issues need face-to-face interaction. The finance minister stressed that the IMF’s mission in Pakistan was not for an economic appraisal but rather for confidence-building. The IMF team accepted Pakistan’s argument and seemed happy with the outcome of the talks.
Key Agreements
The government and the IMF reached a consensus on the necessity of shifting social and development functions to the provinces. This is in accordance with the wider vision of separation of powers.
PIA Privatization Setback
He also discussed the government’s failure to privatize Pakistan International Airlines (PIA), which he described as a disappointment. Nevertheless, the ruling party has not waivered in its resolve to pursue the reform program.
Also Read: Maryam Nawaz Explores Plan to Revive PIA as ‘Air Punjab’ with Father’s
The Use of Military Courts
Military courts were also a point of discussion in relation to civilians, especially Imran Khan. In a statement made through Foreign Secretary David Lammy, the UK government expressed concerns about the lack of transparency, and independent oversight of military courts. Lammy stressed the need for Pakistan to respect international commitments and guarantee civilized conduct and due process to all its citizens, including, but not limited to, Imran Khan.
Conclusion
The visit of the IMF to Pakistan was geared towards confidence-building and discussing specific economic reforms. These aspects of the government such as a promise to delegate social and development functions as well as to concerns about military courts, are part of the wider set of reforms.