The IMF has asked Pakistan for a detailed update on its revenue digitalization efforts. The focus is on using AI to expand the tax base and improve revenue collection.
IMF officials met with Finance Minister Muhammad Aurangzeb and other key leaders. These included the State Minister for Revenue Ali Pervez Malik, State Bank Governor Jameel Ahmad, and FBR Chairman Rashid Mehmood Langrial.
The IMF is also holding technical talks with the FBR, energy regulators, and power and petroleum divisions. It is unclear if these talks will lead to policy-level discussions needed for the quarterly review.
The review will assess Pakistan’s performance by December. It will decide the release of a $1 billion tranche by March 15, 2025.
IMF officials asked for updates on FBR’s use of AI to catch tax evaders and improve income tracking. They also wanted details on the track-and-trace system for better revenue monitoring.
FBR cited revenue shortfalls due to falling inflation in the second quarter. The IMF plans to meet with the power and petroleum divisions to discuss circular debt, tariff adjustments, loss reduction, and recovery plans.
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