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| IMF assures power 3.34 rupees more expensive |
Islamabad: The IMF has said that the government has assured to raise electricity by Rs 3 to 34 paisa. In the first phase, electricity will be costing Rs. 95 paise. In the second phase, electricity will be Rs. According to media reports, the IMF has issued a report on Pakistan's second to fifth review missions. The report provides an overview of Pakistani economic performance and future. According to the report, tax reform will have to be achieved to achieve the 2022 targets. Pakistan will have to reform sales tax and income tax. Pakistan's current monetary policy is right, the SBP has to give more independence. The dollar market rate is essential. In a fifth review report issued after the executive board meeting, the IMF said that the government assured that electricity would be expensive by Rs. 34, 34 paise. In the second phase, electricity will be expensive by another Rs 63 paise. Recent measures in Pakistan have curtailed the energy sector's liabilities. There should be better governance and transparency measures in public institutions. Implementation of the Anti-Money Laundering and Terror Financing action plan. The report added that Pakistan implemented most of the goals of the loan program. Pakistan is taking steps to increase tax receipts. Pakistan delayed three goals due to Corona. Processing of General Sales Tax and Income Tax Reforms was delayed. Similarly, the implementation of FETF's action plan was delayed. The third target was delayed in updating the database of the BISP beneficiaries. Pakistan did not import on the condition of not giving further tax amnesty scheme. Pakistan did not enforce the condition of not issuing further tax benefits. Pakistan's budget deficit will remain at 7.1 percent in 2020-21. Loans and liabilities this year will be 92.9 percent of GDP. External debt volume will remain at 42.1% of GDP.
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