Negotiations between Pakistan and the IMF mission for the next instalment of a vital loan will continue to proceed today.

According to sources quoted by Geo news, IMF officials will be briefed on FBR reforms, tax collection and other issues, as well as more immediate measures to increase tax collection in the current financial year.

Sources say that State Bank officials will brief the IMF delegation on the plan to issue new plastic notes to prevent fake currency.

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Such currency notes are being used in Far Eastern countries and Switzerland.

The IMF will also be briefed on reports issued under the United Nations Anti-Corruption Convention.

The IMF had set a condition for Pakistan to prepare a report from experts on the efficiency of anti-corruption institutions.

This condition has to be implemented by the Ministry of Interior and Ministry of Law.

The IMF will also be briefed on improving the efficiency of government institutions and privatisation.