Pakistan Tax Cuts

Pakistan's government aims to generate an additional Pakistani rupees (Rs) 215 billion in taxes and cut spending by Rs 85 billion in the next fiscal year in order to seal International Monetary Fund (IMF) deal, Dawn reported.

Pakistan needs to mobilize domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan.

Pakistan Prime Minister Imran Khan's government vowed to collect more taxes and make cuts in spending in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout.

Pakistani Finance Minister Asad Umar unveiled a package of measures on Wednesday to boost exports and investment and help Islamabad address a severe balance of payments squeeze that has forced it to turn to the International Monetary Fund for help.

Pakistan's government aims to generate an additional Pakistani rupees (Rs) 215 billion in taxes and cut spending by Rs 85 billion in the next fiscal year in order to seal International Monetary Fund (IMF) deal, Dawn reported.

Pakistan needs to mobilize domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan.

Pakistan Prime Minister Imran Khan's government vowed to collect more taxes and make cuts in spending in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout.

Pakistani Finance Minister Asad Umar unveiled a package of measures on Wednesday to boost exports and investment and help Islamabad address a severe balance of payments squeeze that has forced it to turn to the International Monetary Fund for help.