With only two days left in the budget but the IMF could not agree on the budget matters, revolving loan with the IMF, the deadlock on tariffs remains, the IMF demands an immediate increase in electricity and gas prices. Finance Minister refuses to raise electricity and gas tariffs
The deadlock between Pakistan and the IMF persists, with only two days left in the budget but the IMF could not agree, according to sources in the Ministry of Finance, the IMF has demanded that electricity and gas to reduce the revolving credit. Prices should be increased immediately, taxes of Rs 200 billion should be levied to meet the FBR tax target.
According to sources, the IMF has been informed about the non-increase in electricity and gas rates. The Finance Ministry officials have taken a stand. In the current situation, it is not possible to increase the rates. Steps are being taken to reduce the revolving credit. Will achieve the target, Pakistan wants to increase tax collections under its own method,
According to sources, the budget was considering proposals for tax exemptions for the real estate sector, which the IMF has refused to accept. Pakistan and the IMF could not agree on the abolition of tax exemptions given to various sectors. ,
