Mini budget on the cards, RS 170 billion taxes to be imposed, Finance Minister
Federal government is implementing Imran Khan's policy, now there is no ambiguity in things, PM also said we will implement agreement with IMF, Dar's press conference
Federal Finance Minister Ishaq Dar sounded the alarm after the negotiations with the IMF ended. Ishaq Dar says that under the IMF deal, 170 billion rupees are to be collected in 4 months, for this a mini-budget will have to be brought.
The Finance Minister expressed his hope of getting 1.2 billion dollars from the IMF. Ishaq Dar has made it clear that the taxes of 170 billion rupees will be applied only once.
The Finance Minister said that the present government is implementing the program of Imran Khan, this program belongs to Imran Khan, now there is no ambiguity in things, we will try to make Pakistan complete the IMF program for the second time in history, the Prime Minister said. We have also said that we will implement the agreement with the IMF.
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He said that taxes worth 170 billion will have to be imposed in the IMF package. In this, as much as possible, no tax should be levied which will be a burden on the common man. A mini-budget will have to be brought for new taxes. Now, an ordinance or The issues of the bill will be looked at. The finance minister clarified that 170 billion rupees are to be collected only once in the form of taxes in 4 months.
The Finance Minister said that reforms are the need of Pakistan, we need to reduce the losses of electricity and gas, we will eliminate the losses of electricity and gas, and all relevant institutions and ministries have work together, after this review Pakistan will get 1.2 billion expected to receive dollars,
The finance minister said that there are reforms in the energy sector, and they will implement them as decided by the cabinet, the necessary work in this is to stop the forward flow, while in the gas sector also to stop the circular debt, these targeted subsidies. will minimize, the flow of circular data of gas is also to be zeroed out.
He further said that the commitment to the petroleum development levy has been fulfilled, the limit of 50 rupees on petrol has been fulfilled and the commitment of 40 rupees on diesel has been fulfilled, now the remaining 10 rupees will be fulfilled by making 5.5 rupees, Benazir said. In income support, it has been decided that the government will take it from 360 billion to 400 billion.
The Finance Minister said that everything has been mutually agreed by last night, and asked the IMF to hand over the Memorandum of Economic and Financial Policy (MEFP) document to us, as per the procedure after the agreement is reached. The IMF has to elaborate.
He said that after talks with IMF, the draft of MEFP was received this morning, now there will be a virtual meeting on Monday in which things will be taken forward, and the government and the economic team will finalize the agreement with the IMF. Struggling for
