
The International Monetary Fund (IMF) has urged the government of Pakistan to terminate tax exemptions and impose taxes amounting to Rs1,300 billion.
IMF experts have advised the government to raise the general sales tax to a minimum of 18% on various commodities, ranging from essential food items and medicine to petroleum products.
According to IMF estimates, implementing these additional tax measures could result in a revenue gain of up to 1.3% of the GDP.
Read also: Letter Sent to IMF: Khan Urges IMF to Consider Pakistan’s Instability
The IMF’s team last visited Pakistan in December 2023, engaging in discussions with the caretaker government. However, the new administration is expected to face significant challenges in implementing the IMF’s recommendations.
Pakistan is awaiting the disbursement of the third installment of the stand-by agreement, which was finalized in July of the previous year.
Amidst already high inflation and interest rates, the imposition of additional taxation is poised to further burden the population.
Woman Drowns While Rescuing Child from Canal A tragic incident occurred near Pull Bazaar in…
Pakistan Armed Forces launched Operation Bunyanum Marsoos on May 7, 2025. The operation was a…
PPP Chairman Bilawal Bhutto Zardari has stated India is funding terrorist organizations in Pakistan, potentially…
U.S. Navy destroyers USS Truxtun and USS Mason transiting Strait of Hormuz faced renewed attack…
Illicit cigarette trade in Pakistan is estimated to cause an annual revenue loss of about…
Azad Jammu and Kashmir Prime Minister Faisal Mumtaz Rathore dismissed Chaudhry Muhammad Rashid from his…
This website uses cookies.