Ahead of crucial talks, IMF spots Rs 2 trillion breach in Pakistan’s budgetary estimates

Updated: Jan 28 2023 2:51PM

Islamabad, Jan 28 (PTI) Ahead of its crucial talks with the cash-strapped Pakistan government, the IMF has found an over Rs 2,000 billion breach in budgetary estimates for 2022-23 in its initial assessment that might result in escalating the budget deficit and primary deficit targets with a massive margin.

Pakistan and the International Monetary Fund (IMF) officials are scheduled to kick-start parleys from Tuesday for accomplishing the ninth review under the Extended Fund Facility during which the fiscal slippages and reconciliation of figures will be the major topic of discussion.

The review would lead to the release of the next tranche of funds to Pakistan which has been pending since September.