The government introduced new tax measures to meet IMF criteria
ISLAMABAD: The government of Pakistan has introduced new tax measures to meet the International Monetary Fund’s (IMF) demands. These steps are necessary to stabilize the economy and get a new loan tranche.Finance Minister Ishaq Dar has said that new taxes and various methods of raising revenue will be added under these measures.According to the details, the government has increased the tax rates on various goods and services. These measures include new taxes on exports, imports, and local products. The finance minister further said that these measures aim to add additional money to the country’s exchequer to deal with the financial crisis and stabilize the economy. He said that these measures are temporary and can be reduced as soon as the economic situation improves. The Finance Minister requested the public to understand these measures and cooperate for the betterment of the country. These steps are part of the ongoing negotiations with the IMF aimed at providing a new tranche of credit to Pakistan. Earlier, Pakistan had made various economic reforms to meet the demands of the IMF. Related latest News:
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