| GEO Business|
| Pak-IMF talks successful: Tareen|
| Updated at: 1104 PST, Wednesday, February 17, 2010|
ISLAMABAD: Minister for Finance Shaukat Tareen has said Pakistan achieved key financial success during talks with International Monetary Fund (IMF), Geo news reported Wednesday.
Also, IMF agreed to surge financial deficit over 4.9 percent, he said.
Talking to Geo news in Islamabad, Shaukat Tareen said IMF nodded to increase financial deficit for Pakistan by 5.1 percent. “This will provide government with more funds for expenditures”, said he.
During talks with IMF in Dubai, it okayed to sustain the target of taxes at 1.380 billion rupees, he maintained.
“IMF also showed agreement to slash development budget by 150 billion rupees if Friends of Democratic Pakistan (FoDP) get late in providing the pledged funds to Pakistan”, he added.