ISLAMABAD (The Post)- An economic delegation from the government and the International Monetary Fund (IMF) has begun negotiations on farm income tax as part of the current economic assessment of a $7 billion loan programme.

The conversations are taking place in the World Bank’s office, with participation from provincial authorities, the Ministry of Finance, and members of the Federal Board of Revenue (FBR).

There will also be discussions about amending the Sovereign Wealth Funds Act and related regulations.

Officials from the Ministry of Energy and the National Electric Power Regulatory Authority (Nepra) will speak with the IMF team on circular debt and tariff rebasing.

According to sources, the conversations that began this week are important. This week, the IMF delegation is scheduled to propose fresh conditions and ideas. If these terms and suggestions are agreed, the next loan tranche will be disbursed.

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