ISLAMABAD: The International Monetary Fund (IMF) mission will visit Pakistan from November 11 to 15 , to review economic performance and budget targets.
According to the sources, there will be a formal discussion for $1 billion climate financing from the IMF mission, while the review of other issues including the budget to deal with climate change is included in the agenda.
Sources said that the mission will also review budget targets and economic performance during the visit, while Pakistan has assured 60 percent of energy from alternative sources by 2030.
“There will be discussions on climate change under the National Clean Air Policy with the mission, apart from this, there will be discussions regarding the implementation of Euro 5, Euro 6 transport technology policy”.
Sources also say that the mission will share a report on increasing credit for clean air policy, a report on green energy mix and billion tree tsunami project will be presented, while statistics on measures to control environmental pollution will also be presented.
Sources said that a report on measures to ban the burning of crop residues will be presented and the discussion with the IMF mission also includes an assessment of the current economic situation, while a report on the budget targets for the first quarter of the current fiscal year.
According to the sources, there will be discussions on economic targets, FBR performance and revenue targets. “There is also a possibility of discussions on the circular debt management plan for the current financial year, while discussions on the first review of the expansion fund facility program are not included in the agenda’’.
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Sources also say that the first economic review under the EFF loan program will take place in the first quarter of 2025, while the finance minister had requested for climate financing during his visit to Washington as Pakistan is losing $ 2 billion annually due to climate change.
