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Pakistan gets $1 7bln through RDA till July 12

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Pakistan gets $1 7 billion through RDA till July 12

Pakistan gets $1 7 billion through RDA till July 12
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Talks with IMF on sixth review going on smoothly: SBP chief

Daily Times July 10, 2021 State Bank of Pakistan (SBP) Governor Reza Baqir has said that talks with the International Monetary Fund (IMF) on the sixth review of the $6 billion loan programme are going on smoothly. Speaking to the Pakistani media in Washington, the central bank governor said that Pakistan and the IMF share the same goals, which include bringing non-taxpayers to the tax net. “We too want to expand our tax net and improve the tax-to-GDP ratio,” the SBP governor said, adding that Pakistan and the IMF also share the same goals in other sectors too, like energy and circular debt. Dwelling on the Financial Action Task Force’s (FATF) action plan, he said that Pakistan has been taking measures to come out of the Paris-based money laundering watchdog’s grey list. About the SBP Amendment Bill 2021, Reza Baqir said it was not the first time that the bill was introduced as it was previously done five times. The bill was a first step towards the central bank’s autonomy

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