ISLAMABAD: In the National Assembly Standing Committee on Finance meeting, Finance Minister Ishaq Dar stated that he would not have introduced new taxes if it weren’t for the IMF program, but now he feels compelled to do so.
The details of the IMF agreement can be found on the Ministry of Finance’s website. The agreement specifies that Pakistan will not offer any tax amnesty, and there has been a 10-month absence of foreign currency inflows.
To fulfill the seventh and eighth review requirements, the prices of petroleum products will be increased. The Governor of the State Bank informed the committee about concessional loans amounting to 3 billion dollars, which have been utilized in 629 projects.
Among these projects, 469 are fully operational, 89 are partially operational, and the remaining 62 projects are anticipated to be operational by 2025. This initiative is expected to generate 194,300 job opportunities.