Pakistan's IMF program 'at risk' if agriculture goes untaxed

ISLAMABAD -- Taxing agriculture is a core component of the International Monetary Fund's new program for Pakistan and is critical to its success, said Nathan Porter, the IMF's chief of mission for Pakistan. "If the commitment is not followed, the program's success will be at risk," Porter told Nikkei Asia.

Pakistan and the IMF on Friday reached a staff-level agreement on a $7 billion extended fund arrangement (EFF) spread over 37 months. This agreement is subject to approval by the IMF's executive board.