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Pakistan's tax exemptions cost over $21 billion, surpassing its debt repayment, prompting IMF concerns.
Pakistan's tax exemptions for various sectors cost the government over $21 billion in the fiscal year 2024-25, a significant rise from the previous year.
This amount exceeds the country's $17 billion debt repayment obligation.
Despite efforts to reduce exemptions, the Economic Survey shows a 51% increase to Rs5.8 trillion, driven largely by sales tax and income tax exemptions.
The International Monetary Fund has urged the government to review and eliminate these tax concessions.
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Las exenciones de impuestos de Pakistán costaron más de 21 mil millones de dólares, superando el pago de su deuda, lo que provocó preocupaciones del FMI.