[ad_1]
read on the app
Heavy Tax imposed in Pakistan: The International Monetary Fund (IMF) has not approved the remaining loan of US $ 1.7 billion to Pakistan. At the request of Prime Minister Shehbaz Sharif, his team in Islamabad has returned to Washington after 10 days of brainstorming and talks with Pakistani officials. Now Pakistan’s Finance Minister Ishaq Dar, who is facing a severe cash crunch as soon as the IMF team returns, has imposed a tax burden of Rs 170 billion on the already crumbling Pakistanis. The new tax is to be collected within four months.
According to a Geo News report, the Finance Minister has claimed that the talks with the global lender, the IMF, have ended “positively”. Amidst worldwide criticism, he said in the press conference that the government is going to tax 170 billion rupees through mini-budget so that the IMF loan program can be revived.
Addressing the media, the Finance Minister confirmed that the government has received the draft Memorandum of Economic and Financial Policies (MEFP) from the Washington-based lender.
At the beginning of his media interaction, Finance Minister Dar also attacked the Imran Khan government. He reminded that the program that the current government is trying to implement was signed by former Prime Minister Imran Khan with the IMF in 2019-2020.
Dar said the government of Pakistan under the leadership of Shehbaz Sharif is making every effort and negotiating to reach an agreement as a “sovereign commitment”.
Explain that Pakistan became part of the IMF’s $ 6 billion program during the Imran Khan government in 2019, which was increased to $ 7 billion last year. IMF officials and Pakistan government to release $ 1.18 billion in the ninth review of the program. was going on between
A day earlier, Minister of State for Finance and Revenue Ayesha Goush Pasha said, “We are very close to completing it.” He said that once the IMF hands over the MEFP to Pakistan, after which talks on all issues will be completed, but this could not happen.
[ad_2]
Source link