Pakistan, IMF agree to increase budget for BISP
IMF estimates GDP growth to be limited to 3.5% in next fiscal year, Finance Ministry proposed 3.7%
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IMF estimates GDP growth to be limited to 3.5% in next fiscal year, Finance Ministry proposed 3.7%
Committee will be established for effective management of these institutions
Committee to analyse industry, agriculture, and services for economic progress
Proposals include ban on recruitment to grades 1-16 vacant posts, no allocation of funds for lawmakers
Predicts Pakistan’s financial deficit to hit 8% of GDP this year
WB report says inflation is expected to slow down to 15% in the next fiscal year
Shehbaz will also consult council regarding budget, economic policies for new fiscal year
Staff-level agreement anticipated at conclusion of policy discussions
Govt assures the IMF of debt reduction through expenditure control
Pakistan shares plans to protect BISP beneficiaries through cash transfer programs related to power tariffs
Budget likely to introduce higher taxes on import of non-essential, luxury goods, including vehicles above 1300cc
There will be no unequal investment opportunities, incentives, promises of guaranteed returns through forum
Tough decisions saved country from default: Iqbal
State Bank releases country's economy report
FIA suggests changes in tax slabs for salaried class; IMF seeks tax raise on luxury car imports, WHT on new vehicles
Among key priorities are increase in tax-to-GDP ratio, reforms in tax machinery to raise revenue generation
IMF forecasts reduction in inflation, surge in growth rate over next 3 years
Rs2,152 rupees is likely to be allocated for defense
Pakistan expects substantial bailout package of over $6 billion from IMF to bolster economy, address pressing fiscal concerns
On IMF demand, authorities considering proposed abolition of sales, income tax exemptions
Fund says complications from political instability, inflation, social tensions can hinder reform implementation