#IMF tells #Pakistan to reset budget or lose #loan deal
#ISLAMABAD (MNP) – With #Pakistan meeting another International Monetary Fund (#IMF) condition by removing all #restrictions on #imports, there are no end to the do more calls as the world’s #lender is pressing the #government to revise the budget presented for 2023-24 – the next fiscal year.
The latest report is in line with the clear stance taken earlier by the IMF when expressed #dissatisfaction with the budget, with the Washington-based financial institution currently calling for enhancing the revenue collection target, slashing subsidies for power consusmers, reducing expenses and withdrawing the scheme under which the expats are encouraged to bring $100,000 to the country.
Read more: IMF says Pakistan’s 2024 budget a missed opportunity as loan deal deadline looms
“Staff remains engaged to discuss policies to maintain stability. However, the draft FY24 Budget misses an opportunity to broaden the tax base in a more progressive way,” Esther Perez Ruiz, the IMF’s resident representative for Pakistan, had said in a text message to Reuters after Finance Minister Ishaq Dar presented the budget.
