muhammadhafeezmalik
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So if the letter was this damaging and it would make or break the IMF deal, then why did it get approved?
I talked to someone who works at the State Bank, and according to them, and he was quoting Finance Ministry bureaucrats, this letter was of no consequence to the IMF. It was mainly for the finance ministry, keh bhai yeh surat-e-haal hai, ham say surplus nhn hona, to agay aap dekh len kaisay aap manage karain gay.
IMF doesn't give two hoots what a province commits to the federal government or not, since IMF is dealing with federal ministry, This was just a formality.
If anyone here who has worked with the IMF or finance ministry directly can chime in with a first hand account, that would be helpful too.
IMO, this letter was blown WAAAYYY out of proportion by N league to score some political points, which they have sort of did. It had not real implications for the IMF deal. You can clearly see that the leak of the letter and then the audio tape was very deliberately planned with the sole purpose of discrediting PTI.
And still searcdhing for it, does anyone have the full audio?
We are talking about Rs.750 billion and you are saying "IMF doesn't give two hoots. . . . ", seriously??
Extra tax on salaried class would fetch Rs.80 billion and, extra levy of Rs.50/liter on petroleum product could brought Rs. 140 billion extra.
Provinces agree to sign MoU to generate revenue surplus of Rs750bn
ISLAMABAD: To comply with the IMF condition, all the four provinces have agreed to sign a Memorandum of Understanding for generating a revenue surplus of Rs750 billion in the current fiscal year...
www.thenews.com.pk
The letter was an internal matter between 2 finance ministers. The reason letter was written was because Miftah was to busy to give time to finance minister of a province. IMF had nothing to do with this letter. If this letter was so sabotaging then why did IMF agree to release tranche tonight.
It was intentionally leaked by Jhagra as discussed in leaked phone call.