Scrutiny over the approval of $6 billion loan for Pakistan, as the meeting of the Executive Board of IMF, is all set to take place today (Wednesday)
As per the government claims, the conditions for the loan approval have been met, hence the loan has been approved on the staff level and it is expected that the Board will also approve of the loan which would release $500 million transaction in the current month.
Along with advocating for the integration of taxes, the IMF has also stressed revising the plan for the collection of revenue under the National Finance Commission (NFC) award.
In order to fulfill this condition, alterations to the 18th amendment will have to be made. While the Sindh government disapproves, this will be the government’s next challenge.