Pakistan and the International Monetary Fund continued budget negotiations as both sides discussed key economic targets for the next fiscal year. Meanwhile, the IMF recommended an 18 percent increase in the petroleum levy target to boost government revenue. Currently, the levy on petrol stands at 108 rupees and 17 paisas per litre. Moreover, the IMF […]
FBR tax target
Pakistan Revises Budgetary Targets Following Devastating Flash Floods
ISLAMABAD – In the aftermath of the recent flash floods, Pakistan and the International Monetary Fund (IMF) are preparing to adjust the country’s budgetary and macroeconomic targets for the current fiscal year, according to The News. Initial assessments had suggested that the floods might not result in major economic losses, but the Rapid Need Assessment […]