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HomePakistanPakistan to impose Rs 170 billion in taxes after IMF deal: Report

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Pakistan’s finance minister, Ishaq Dar, today said that the meeting with the International Monetary Fund (IMF) ended “positively”, hours after the global lender issued a statement on its talks with the cash-strapped country.

Pakistan will have to impose Rs 170 billion in taxes through a mini-budget in order to revive the loan programme, Dar further said, reported Geo News.

Speaking to the media, the Pakistan minister confirmed that the country has received the draft of the Memorandum of Economic and Financial Policies (MEFP) from the Washington-based lender.

He also reiterated that the programme which is being implemented by the incumbent government is the one that was signed by former Prime Minister Imran Khan with the IMF in 2019-2020.

The current government is holding talks to reach an agreement as a “sovereign commitment”, he said, adding, “This is an old agreement which had been suspended and delayed previously.”

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