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Pakistan is engaged in the last effort to fulfill the conditions of the IMF. Pakistan will collect 215 billion rupees through tax. This means that the people here may have to bear the burden of tax. Taxes can be imposed on essential things, due to which the prices of these things can become more expensive.
Pakistan’s Finance Minister Ishaq Dar said that talks have been held with the IMF and a final tax of only Rs 215 billion or about US$ 750,400,000 has been agreed upon for the financial year 2023-24. However, the Finance Minister of Pakistan says that there will be no burden on the poor and the middle class. The minister said that Pakistan is trying to complete all the formalities required to get the loan from the IMF.
Pakistan agrees to IMF’s views
A few days ago, IMF MD Kristalina Georgieva had a conversation with Pakistan’s PM Shahbaz Sharif. In this, many issues ranging from the economic condition of Pakistan were discussed. The loan was also discussed in the meeting between the IMF MD and Prime Minister Sharif. The Pakistani government also issued a concurrence on the IMF’s views on some budgetary figures.
There will be reduction in salary and pension
After talks with the IMF, the Pakistani minister has said that the country will reduce the expenditure, salary hike and pension given to the government employees. After the loan is settled, the details of the talks with the IMF will be made public.
Pakistan in an attempt to please the lenders
Significantly, Global Lenders have signed a deal to give US $ 6 billion to Pakistan on fulfillment of certain conditions. Although Pakistan has not been able to get the loan due to non-fulfillment of the conditions, but Pakistan is still making full efforts. It is feared that without the support of the IMF, Pakistan will not be able to get loans from other places as well.
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