Much-awaited deal with  (IMF) will be signed in next two weeks: Ahsan Iqbal

Federal Planning Minister Ahsan Iqbal on Thursday said that the much-awaited deal with International Monetary Fund (IMF) will be signed in next 10-12 days.

He said this while talking to the media informally after addressing a press conference at the Press Information Department (PID).

The minister said the agreement, for $1 billion tranche, will be signed within two weeks as apparently, Pakistan has acceded to demands of the global lender and no big hindrance is in place.

Iqbal said the IMF objected to income tax exemption to those earning Rs1.2 million per annum in the fiscal year 2022-23.

To a question, the minister said his suggestion of less tea consumption was taken as a joke and asked what would happen if a person drinks two cups of tea instead of four daily.

He emphasized that less consumption of tea would save Pakistan billions of rupees every year.