ISLAMABAD - The Pakistan economic team is most likely to leave for USA next week to hold important meeting with International Monetary Fund at the sidelines of a World Bank and IMF annual meeting to be held from September 23-25 in Washington, it has been learnt. Official of Finance Ministry told TheNation that Finance Minister Dr Abdul Hafeez Shaikh would lead the Pakistani side in the annual meeting of WB and IMF. Pakistan is likely to initiate discussion for the fresh programme with IMF in the upcoming visit. However, the analysts believed that new IMF programme would be harsher than the stalled Stand By Arrangement (SBA). According to the analysts, the Fund would now seek achievement of targets rather than accepting targets as a prerequisite to reactivating the SBA. According to the official, Islamabad would present the figures of previous fiscal year. It is worth mentioning here that IMF has suspended the standby loan programme for Pakistan, as Islamabad failed to bring reforms in taxation and power sector. IMF has to release remaining two tranches worth of $3.4 billion in the suspended programme. However, Pakistan has almost lost the hope in reviving the suspended programme and it has already planned to seek fresh programme. On the other hand, Islamabad has to start repayment of loan to IMF in February 2012 for which it desperately needs another programme. Following its legal obligation, Pakistan has to pay $1.4b to the IMF in calendar year 2012 as repayment of the 7.2b dollars Stand By Arrangement (SBA) begins. Therefore, the government has left with no other option than to seek another fresh programme for loan payment, said the official source. The government would also present its strategy to achieve the annual tax collection target of Rs 1,952 billion after the figures fudging episode. The international agencies already showed concerns over the figures fudging. It might be mentioned here that government has fixed the tax collection of Rs 1,952 billion at the basis of Rs 1,588 billion. The FBR faced a shortfall of Rs 38 billion as it achieved Rs 1,550 billion. Therefore the government would present its plan to the IMF how to achieve the target. Similarly, the government would inform the international agency about the recent losses occurred due to the floods in Sindh province and its effects on the national economy.