Pakistan, Oct. 2 -- Finance Minister Muhammad Aurangzeb on Wednesday ruled out the possibility of a mini-budget, saying no new taxes are planned. He assured that no additional revenue measures are under consideration despite shortfalls in the first quarter. The minister stressed that Pakistan remains committed to its tax-to-GDP target of 11 percent under the IMF program.

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Talking to reporters after a Senate Standing Committee meeting, Aurangzeb said IMF review talks were moving in the right direction. He confirmed that discussions were underway on the second review of the $7 billion Extended Fund Facility and the first review under the Resilience Sustainability Facility...