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Print Print 2024-06-23

Budget: IMF hails ‘tough decisions’

  • Sources say Pakistan and Washington-based lender have made significant progress in their virtual negotiations
Published June 23, 2024

ISLAMABAD: The International Monetary Fund (IMF) on Saturday appreciated Pakistan’s tough economic decisions in budget 2024-25.

According to sources, Pakistan and the Washington-based lender have made significant progress in their virtual negotiations.

Sources revealed that the IMF expressed satisfaction over the tough economic decisions taken in the budget, acknowledging the positive role of political parties in the budget.

Pakistan’s budget to support negotiations with IMF for new programme: Moody’s

Sources further added that the limitation of tax exemptions to improve the economy was also appreciated by the monetary fund. The IMF delegation is expected to arrive in Pakistan for the new loan program in the last week of June, as the country has fulfilled the prior conditions, the source added.

Moreover, the IMF expects the budget for the next financial year to be approved by June 28 or 29, sources said.

The International Monetary Fund (IMF) had demanded more tax collection from provinces and imposition of tax on agriculture, stationery items, monthly pensions, increase gas, electricity prices and general sales tax to 18 percent.

Comments

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Tazz Jun 23, 2024 03:24am
Ye Ziya ka Pakistan hai
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Sadam Jun 23, 2024 05:00am
Ban all multi national milk products, because the made artificial milk, and no one can notice, social media responsible to made advertising pure milk , and destroy our nation, when you see milk ingredients ( vegetables oil such as cooking oil, soy beans, artifical flavore , way powder ) made highly danger chemical complex and Pakistani people after drank the feel healthy
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Aizaz Jun 23, 2024 09:59am
What's the positive role of these political parties in this budget as declared by IMF. A normal average person in Pakistan has been over burdened with all type of taxes and the rich are enjoying
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Waseem Raja Jun 23, 2024 10:25am
Salaried class should not be burdened with increased tax rate. Unfortunately it has happened in current budget
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KU Jun 23, 2024 11:32am
This is not Africa's Serengeti where animals thrive, this is Pakistan. More tax on salaried class who face stagflation with no pay raise for years? What say IMF on energy theft n govt raj expenses?
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Mumtaz Malik Jun 23, 2024 12:08pm
If all IMF programs are mandatory, the burden of higher taxes will inevitably fall on the poor. Innocent Pakistanis, who lack the resources to challenge these policies, will be compelled to pay.
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Mumtaz Malik Jun 23, 2024 12:08pm
To pay increased taxes on essential services like electricity and gas. These vulnerable individuals, already struggling to make ends meet, will be forced to bear the brunt of these financial demands.
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Arbab irfan Jun 23, 2024 02:57pm
What is the new rate fo cotton in Balochistan per 40kg
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Usman Jun 23, 2024 08:14pm
Imf should push the govt to tax property in current valuations.these valuation of 1.5 billion on zameen.com should pay tax on the existing valuation.
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Arsalan Jun 24, 2024 06:20am
by 'tough decisions' they mean putting more taxes on salaried class. If this is the case then goodbye Pakistan. Land of the slaves, ruled by the tax free elite. shame on the govt n imf
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Arsalan Jun 24, 2024 06:22am
@Mumtaz Malik, Land of Slaves ruled by the ultra corrupt tax free elite which imf is sponsoring. they are all on this!!
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ANK Jun 24, 2024 10:05am
IMF is just a Sahukar who cares for protection of its money as well as serving the geopolitical objectives of the West. Their satisfaction does not reflect the dismal state of affairs in the country
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Mumtaz Malik Jun 24, 2024 12:51pm
@KU, What a great comment really in Pakistan we are facing we are facing and the holly cows enjoying.
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Fazal Jun 26, 2024 06:01pm
Did IMF ask anything about cut in Government expenditure, heavy protocols and perks they are enjoying? Why common people are only over burdened with tax. Time to leave Pakistan
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