Pakistan Financial Crisis: From cigarette to cola… Big blow from IMF, now Shahbaz will explode 300 billion tax bomb on Pakistani people – pakistan may have new tax measures amid serious economic crisis after imf refuses to send team
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The government is considering increasing taxes on many things. In the coming times, the people of Pakistan may have to pay additional taxes on buying and selling property, importing raw materials used in the manufacture of exported goods, on cigarettes, colas and on banking transactions. The proposals are under discussion between the FBR and the Finance Ministry but are yet to be finalised.
IMF gave a big blow
Only IMF loan can get Pakistan out of the storm of economic poverty. But from here too he is only disappointed. It is reported that the IMF has refused to send its team to Pakistan for loan review. This is the worst news for Pakistan at present. The IMF has told Pakistan’s Finance Ministry that the review team will not be sent until their country meets the conditions of the institution.
‘Make Pakistan a Banana Republic’
Pakistan is facing economic and political crisis simultaneously. On the one hand, there is a famine in the country for food and drink, people are yearning for flour and pulses, while on the other hand, the danger of going to jail is hovering over the opposition. Following the arrest of Pakistan Tehreek-e-Insaf leader Fawad Chaudhry, former Pakistan PM Imran Khan took a jibe at Chief Election Commissioner (CEC) Sikandar Sultan Raja, saying that Pakistan has become a banana republic devoid of the rule of law. .
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