IMF agrees to govt's proposal for relief in electricity bills
If approved by cabinet, this measure will temporarily benefit about 4 million power consumers
International Monetary Fund
IMF seeks explanation from Finance Ministry, FBR on petrol smuggling
Fund insists on stopping smuggling of 143 million liters of petroleum products per month
Pakistan got more than $5bn loans in external financing
In August 2023, $316 million and in July $2.89 billion were received, according to Economic Affairs Division
Pakistan’s fiscal deficit to be Rs1,137bn more than target: IMF
Fund says country’s expenditures likely to be almost double its gross income
IMF demands Pakistan impose tax on retail, real estate, agri sectors
FBR says in case of a shortfall, fixed tax could be imposed on retailers
Pakistan to introduce tagging for climate, gender, SDG projects to fulfil IMF condition
Tagging to provide IMF direct reports of development projects
Pakistan commits to IMF to increase electricity, gas prices
Govt emphasises on abolition of exemptions on income tax, sales tax, duties
Pakistan-IMF talks Day 2: Fund told about priorities of economic reform agenda
Among key priorities are increase in tax-to-GDP ratio, reforms in tax machinery to raise revenue generation
IMF demands end to tax exemptions, incentives, privileges
FIA suggests changes in tax slabs for salaried class; IMF seeks tax raise on luxury car imports, WHT on new vehicles
Govt assures IMF of transparency in SIFC operations
There will be no unequal investment opportunities, incentives, promises of guaranteed returns through forum
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