Islamabad:
The government asked the IMF for time to publish the Corruption and Governance Report.
According to sources in the Ministry of Finance, the provinces have sought more time to implement income tax on agricultural income due to the floods. Due to the impact of the flood on the agricultural economy, the provinces are not ready to implement agricultural income tax immediately.
Virtual talks are underway between Pakistan and the IMF on four key points for a staff-level agreement. According to sources in the Ministry of Finance, the issues of asset disclosure for government officials and the Corruption and Governance Diagnostic Assessment Report are also part of the talks.
Sources have said that the government has sought time to publish the Corruption and Governance Report, while the IMF has demanded that the government provide a mechanism for purchasing wheat through the open market or from the private sector.
According to sources, the economic team has also requested relaxation of structural benchmarks so that the agreement can be completed as soon as possible.
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