IMF loan program New Taxes Ahead

Aizaz Ahmed

In the negotiations, the IMF team demanded an increase in electricity rates in terms of quarterly and annual price adjustment.

In January, the prime minister refused to raise electricity and impose new taxes. The current political situation is also a major obstacle in fulfilling the conditions.

The International Monetary Fund (IMF) has again signaled the resumption of 6 billion suspended debt program.

Pakistan failed to meet the conditions in January this year, as a result of which the IMF had suspended the supply of the loan. A meeting was held in which Pakistan’s steps for debt recovery were considered.IMF was represented by Ernest Rego, head of IMFmission to pakistan.