ISLAMABAD Pakistan at the apex level undertook on Thursday to levy Value Added Tax (VAT) from July 1 onward, by all means in exchange of IMF waivers on slippages so far in addition to relaxation in the next years economic targets. Although the officials including Presidential Spokesman Farhatullah Babar denied any meeting of President Asif Ali Zardari with the visiting team of the International Monetary Fund, yet sources insisted they had rushed from Doha to seek an apex commitment on VAT. According to the sources they had left ongoing pre-budget talks in Qatar inconclusive for sole reason of getting commitment at the highest level for implementation of VAT in any case. Since they have sought commitment on the implementation of VAT, now the IMF is likely to be lenient on the next years economic targets, especially the fiscal deficit that initially was to be fixed at 3.5 percent of the GDP, well-placed sources informed TheNation. It clearly indicates that the Presidency is still calling the shots be that in capacity of the party leadership, irrespective of the so-called empowerment of the Prime Minister and the Parliament after the 18th Amendment in the Constitution. Now you can clearly predict that the Parliament would enact the VAT well before July 1, 2010 just as a rubber stamp no matter how many MPs oppose it on both sides of the political divide, the sources observed. Prime Ministers Advisor on Finance Dr Abdul Hafeez Sheikh, who is all set to become Federal Minister on Finance anytime, as he was elected unopposed as Senator on Thursday, however denied the entire story to be as such. He also did not agree with impression that he and his close aide Deputy Chairman Planning Commission Dr Nadeem-ul-Haq, besides the IMF mission leader Adnan Mazarei and Resident Mission Head Paul Ross, had dashed to Islamabad leaving Doha talks inconclusive for the VAT issue alone. While talking to journalists at a five-star hotel here, where he is presently residing, Dr Sheikh said that the reforming of the sales tax in fact is named as VAT. He was confident about the resolution of the issue between Sindh and the Centre over the collection of VAT on services. Dr Haq did not waste anytime to disown the all is well syndrome and said, All is not well because the deficit is too high. Meanwhile, an official handout did mention about a high-level meeting at Presidency under Zardari involving Prime Minister Syed Yousuf Raza Gilani as well as Government of Sindh for a briefing on issues relating to value added tax. According to the handout, those who attended the meeting include Syed Qaim Ali Shah, Chief Minister Sindh, Dr Abdul Hafeez Sheikh, Finance Advisor, Syed Naveed Qamar, Federal Minister for Petroleum and Natural Resources, Hina Rabbani Khar, Minister of State for Finance and Economic Affairs, M Salman Faruqui, Secretary General to the President, Qaiser Bangali, Advisor to CM Sindh for Planning & Development, Salman Siddique, Secretary Finance, Suhail Ahmed, Secretary Revenue Division, Fazal-ur-Rehman, Chief Secretary Sindh, and Secretary Finance Sindh Fazalullah Pechuho besides other senior officials. It was decided that the Prime Minister will soon convene a meeting of the representatives from all provinces to take a consensus based decision on all issues involved, it added.