IMF raises serious objections over the PM Khan’s relief package

Rich result son google SERP when searching for 'IMF'

Huge increase in electricity rates of Rs 6.51 per unit sought

ISLAMABAD, March 12,2022- : The International Monetary Fund (IMF) raised serious objections over the Prime Minister’s relief package as talks between the Pakistan and the IMF remained inconclusive.

During the dialogue, the IMF team objected to the prime minister’s relief package for slashing down petrol, diesel, and electricity prices as well as granting tax amnesty to the industrial sector.

Rs 160 billion tax to be imposed on the salaried class

The Fund had imposed the condition that Pakistan will not grant any tax amnesty and it is part of a continuous structural benchmark. However, Islamabad breached this continuous structural benchmark which now requires a waiver from the IMF’s Executive Board for completion of the seventh review and release of the next tranche.