Pakistan, IMF talks likely to be delayed further.

Pakistan's formal talks with the International Monetary Fund (IMF) on the 9th quarterly review of the Extended Fund Facility (EFF) are likely to be delayed further amid authorities' demand to impose additional taxes.

State Minister for Revenue Dr Aisha Ghaus Pasha also confirmed the development, saying the talks were originally due in the last week of October but kept on delaying following gaps in estimates by two sides.

She further said that IMF was demanding to impose additional taxes and pushing for sticking to committed tax-to-GDP ratio of at least 11pc.

'Pakistan's economic growth rate may fall short of the target by more than 2% due to the recent floods,' she explained and ruled out the possibility of imposing...