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IMF Told Pakistan Won’t Increase Tariffs

Islamabad: Finance Minister Shaukat Tarin said Pakistan had informed the International Monetary Fund (IMF) that raising taxes or duties is not currently feasible under the IMF’s programme, adding that Prime Minister Imran Khan objected. price increase.

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Supported by the Special Assistant to the Prime Minister (SAPM) for Revenue, Dr Waqar Masood and other officials at his first press conference in Islamabad, however, the finance minister ruled out the word. dropped the plan, saying the government only asked the Fund not to specify a revenue target as the country battles a third wave of Covid-19.

Discussing economic activities related to the development of projects within the framework of the China-Pakistan Economic Corridor (CPEC), the Minister of Finance said that because some Chinese enterprises are transferring units The Government will ask them to relocate some industries to Special Economic Zones (SEZs) in Pakistan.

Regarding SOE reform, he believes that the private sector will soon take control of these units.

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Regarding his plan in the banking sector, the Minister of Finance said that he will ask banks to increase the number of loans. “KP banks, although facilitated by the government, have lent Rs 50 billion in lending capacity of Rs 600 billion.” 

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