ISLAMABAD: Minister for Finance Asad Umar Friday said that Pakistan had noplan to go for a programme with International Monetary Fund (IMF) instantlyto get fresh loans.
Talking to media after addressing a business community here at IslamabadChamber of Commerce and Industry (ICCI), Asad Umar said Pakistan wascurrently engaged with the IMF team who is on a visit to Pakistan, forreview mission negotiations.
He said review talks with IMF team were a matter of routine job aftercompletion of programme.
However, he said that whenever Pakistan would need to start a new programmewith IMF, the current negotiations would act as a base for it.
Earlier, in his address to business community, the minister said thegovernment was working to separate the tax policy and tax connectionfunctions as part of tax reforms to facilitate the taxpayers.
He said a Tax Policy Board would be formed and business community wouldalso be given representation in that Board.
The minister was addressing business community here at Islamabad Chamber ofCommerce & Industry after inaugurating the newly constructed Export DisplayCentre (EDC) building of ICCI.
Asad Umar urged ICCI to develop a Master Economic Plan of Islamabad keepingin view the natural endowments of this region and share it with thegovernment so that the available endowments of the region could beexploited for the economic development of Islamabad.
Asad Umar said, “Pakistan’s economy was undergoing bypass and will improvewith the efforts of the government.”
He said government was working on a plan to provide 100-million-gallonwater per day to Islamabad that would resolve water shortage issue andwould also benefit the local industry in Islamabad. He assured that thegovernment would cooperate with ICCI for new industrial estate inIslamabad. APP