IMF urges Pakistan to impose tax on crypto gains and real estate for $3bn bailout package.
The International Monetary Fund (IMF) is urging Pakistan to impose stricter taxation measures on capital gains from cryptocurrency investments and real estate transactions to secure a crucial $3 billion bailout package. The IMF recommends that Pakistan's Federal Board of Revenue expand the scope of Capital Gains Tax by bringing cryptocurrencies into the tax net and reviewing tax slabs on real estate and listed securities. If Pakistan agrees to these conditions, the IMF is expected to release $1.1 billion as the final tranche of the rescue package secured by Islamabad last summer.
March 18, 2024
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