Statement comes after Islamabad achieves a new IMF programme
No new regulatory, tax-based incentives, or guaranteed return including for projects channeled through SIFC ISLAMABAD – Finance Minister Muhammad Aurangzeb on Saturday stressed the need for “structural reforms” and “sustainability”, as he hoped that the latest deal signed with the Washington-based International Monetary Fund will help Pakistan achieve macroeconomic stability.
When it comes to the key policy goals, Porter listed “sustainable public finances, through a gradual fiscal consolidation based on reforms to broaden the tax base and remove exemptions, while increasing resources for critical development and social spending” among top priorities. “At the same time, the provinces will take steps to increase their own tax-collection efforts, including in sales tax on services and agricultural income tax. On the latter, all provinces are committed to fully harmonizing their Agriculture Income Tax regimes through legislative changes with the federal personal and corporate income tax regimes and this will become effective from January 1, 2025.
IMF Programme IMF Muhammad Aurangzeb SIFC Special Economic Zones Subsidy Cuts Privatisation Energy Tariffs
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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