Pakistan Economic Crisis: The people of Pakistan will pay the compensation of ‘pauper’, preparing to strangle the common man with a tax of 170 billion rupees – pakistan to impose 170 billion rupees tax on public amid biggest economic crisis

Pakistan Economic Crisis: The people of Pakistan will pay the compensation of ‘pauper’, preparing to strangle the common man with a tax of 170 billion rupees – pakistan to impose 170 billion rupees tax on public amid biggest economic crisis

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Islamabad: Pakistan is currently not getting any loan from the International Monetary Fund (IMF). The meeting that took place on Thursday for the bailout package ended without reaching any conclusion. A statement has also been issued by the IMF after this meeting. On the other hand, the country’s Finance Minister Ishaq Dar has said that the talks with the organization have ended on a positive note. Along with this, Dar announced that taxes worth $170 billion would also be imposed by the government. These new taxes will be introduced through the mini budget. Its purpose is to revive the bailout package.

Imran Khan blamed

Talking to the media, Dar said that the government has received the draft Memorandum of Economic and Financial Policies (MEFP) from the IMF. Ishaq Dar reminded that the taxes that will be implemented by the government have the signature of former PM Imran Khan. He told that till the year 2019-2020, when Imran was negotiating with the IMF, he had agreed to this at the same time. He also reiterated that Shehbaz Sharif’s government is holding talks with the IMF as a sovereign commitment. In Dar’s words, ‘This is an old agreement that was first suspended and then delayed.’
Pakistan IMF Loan: All the hopes of ‘pauper’ Pakistan were shattered, IMF refused to give loan, now will the country yearn for every grain?
Talks lasted for 10 days

Ishaq Dar said that the talks with the IMF mission went on for 10 days. During this, there has been talk of energy and gas sector as well as the fiscal and monetary side. Ishaq Dar said that State Bank of Pakistan, officials of different departments and ministers were also involved in the talks. If Finance Minister Ishaq Dar is to be believed, the tax of Rs 170 will be achieved in the first four months of this financial year. Dar informed that energy sector reforms will be implemented. Along with this, it will be emphasized that how the flow of circular debt is happening.

Government bid tax in favor of the country
The Finance Minister has claimed that the reforms proposed by the IMF are in favor of Pakistan only. Dar said that Pakistan needs these reforms. He also said that Prime Minister Shehbaz Sharif has assured the IMF that these reforms will be implemented soon. The draft has been handed over to the government on Friday morning. Now there is another virtual meeting with the IMF on Monday. Ishaq Dar has said that the country’s economy is bleeding and it is at number 47 in the world.

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