Islamabad, Jun 24 (PTI) : Pakistan will raise Rs 215 billion through taxes to meet the stringent conditions set by the IMF, Finance Minister Ishaq Dar said on Saturday, as the cash-strapped government tried to meet the conditions set by the IMF for a much-needed loan. Speaking at the closing of a three-day-long general discussion with the International Monetary Fund (IMF) on the budget for the financial year 2023-24 held in the National Assembly, Dar said that Pakistan is trying to fulfil all the formalities the global lender wants them to complete prior to availing the loan.
“As a result of the talks with IMF, for the fiscal year 2023-24, the final taxes of only Rs 215 billion (approximately USD 750,400,000) have been agreed, ensuring that it will not burden the poor and middle segments of the society,” he said.
The announcement was made by Dar two days after IMF Managing Director Kristalina Georgieva urged Pakistan’s Prime Minister Shehbaz Sharif to resolve policy differences at the global lender’s staff level prior to getting a much-needed loan to stabilise the country’s economy, The International Monetary Fund (IMF) signed a deal in 2019 to provide USD 6 billion to Pakistan on the fulfilment of certain conditions.
