ISLAMABAD : Four days after the International Monetary Fund (IMF) approved the immediate disbursement of about $1 billion to Pakistan under the ongoing Extended Fund Faci¬li¬ty (EFF) and greenlit the arrangement for $1.4bn Resilience and Sus¬tainability Facility (RSF) to fight climate challenges, the talks between the global lender and the Pakistan government are set to take place from May 14 (tomorrow).The talks, which will continue till May 23, will centre around the upcoming budget.
Both sides will discuss income and expenditure, with the Pakistan government briefing the lender about the tax and non-tax revenue.Tax related matters amounting to Rs400bn will be part of the deliberations.
Furthermore, the government has made preparations to persuade the IMF for relief in taxes for large-scale manufacturing (LSM) industry and construction sector.FM Aurangzeb hints at giving relief to salaried class in upcoming budget
It is worth mentioning that on April 16, Federal Finance Minister Muhammad Aurangzeb had announced good news for the salaried class, promising relief in the upcoming budget.
While speaking to the media in Islamabad, Aurangzeb stated that a program had been devised to provide relief to the salaried class in the next budget. However, he said the details cannot be shared with the media at this stage, as they would first be presented to the IMF.
He added that tax collection from traders had improved, and the trader-friendly scheme should not be linked to tax collection from traders.
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