Pakistan's Finance Minister warns of continued IMF bailouts if tax revenue doesn't increase.
Pakistan's Finance Minister Muhammad Aurangzeb warns that upcoming IMF bailout "will not be our last" if the government fails to significantly boost tax revenue. The minister, who is "relatively confident" of reaching a staff-level agreement with the IMF for a loan between $6 and $8 billion, insists that his tax-heavy budget aims to shoring up public revenue and satisfying the IMF's demand for tax collection improvement. Unless tax revenues increase, Pakistan will continue to seek financial assistance packages from the IMF.
July 07, 2024
7 Articles