Islamabad: The federal and provincial governments have requested the IMF to review the budget surplus target due to the losses caused by the floods.

It should be noted that policy-level talks on the budget surplus of the provinces with the International Monetary Fund (IMF) mission will be held next week.

Finance Ministry sources say that technical-level talks are underway between the International Monetary Fund (IMF) review mission, which has come to Pakistan for the second economic review, and Pakistan, after which policy-level talks will be held.

According to sources, representatives of the federal and provincial governments have had an important meeting with the IMF review mission, in which fears have been expressed that the provincial budget surplus target of Rs 1464 billion may not be achieved due to the floods.

Provincial governments have demanded a review of the budget surplus target from the IMF, while the federation has also........

© The Patriot