The Pakistani officials termed few of the International Monetary Fund(IMF)’s conditions, ‘unrealistic’.
Sources told that the first phase of policy talks was held between IMF andPakistani officials and discussed the details regarding external financing.
The state bank briefed the IMF team about the needs of Pakistan’s externalfinancing but the Pakistani officials did not agree with their predictionregarding external financing.
Sources said that the IMF and Pakistani officials could not decide on thetarget for foreign reserves.
The Pakistani team told the IMF officials there is room for the bettermentof the county’s economy but the problems will not solve by burdening thepeople.
Sources further revealed that the importance of talks on February 8 and 9has increased now and they may delay further.
Earlier, the International Monetary Fund (IMF) demanded Pakistan to amendlaws for the assets declaration of public servants.
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An IMF mission arrived in Islamabad on January 30 to discuss the stalledninth review of the $7 billion Extended Fund Facility (EFF).
According to the sources at the Federal Board of Revenue (FBR), the IMFinsisting public declaration of the government servants’ assets. Theinternational lender has also demanded details of the overseas assets ofthe bureaucracy, sources said.
The IMF has also demanded the establishment of an authority to make publicthe government officers’ assets, according to sources.
The lender demanded to make movable and immovable assets of bureaucrats inoverseas to ensure transparency and accountability, according to sources.It has demanded to set up an Electronic Assets Declaration System fortransparency.
“Bureaucrats’ assets will be checked prior to the opening of a bankaccount,” sources said. “Banks will get information from the FBR for theopening of accounts of bureaucrats.”