Pakistan's National Assembly approved a tax-heavy budget for the upcoming fiscal year to avert debt default and seek a new IMF loan.
Pakistan's National Assembly approved a tax-heavy budget for the upcoming fiscal year to avert a debt default and seek a new International Monetary Fund (IMF) loan. The budget includes a tax revenue target of Rs13 trillion rupees, up 40% from the current year, and sets a growth target of 3.6% with inflation projected at 12%. Despite criticism from opposition parties, the ruling coalition has enough numbers to pass the budget.
June 28, 2024
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