Pakistan to present 174 amendments in Parliament to comply with IMF conditions, focusing on financial stability and reforms.
Islamabad: (RightNow) Under IMF conditions, 174 amendments will be presented in Parliament. Three provinces agree on the sugar policy, while one has reservations.
In a meeting of the National Assembly’s Finance Committee, Finance Secretary Imdadullah Bosal briefed on the IMF agreement. The meeting reviewed the current IMF program and its conditions.
The meeting proposed parliamentary oversight on privatization of DISCOs, 75% shares of PIA, austerity, tax, and energy reforms.
The Finance Secretary stated that the IMF wants 174 amendments approved by Parliament. These include amendments related to the Sovereign Wealth Fund.
It is noteworthy that under the IMF’s $7 billion Extended Fund Facility (EFF), Pakistan must approve these amendments. They cover tax, energy, privatization, and financial stability sectors.
