The IMF has set new situations for Pakistan to renew its loan program

 The International Monetary Fund (IMF) has set a new circumstance for Pakistan to renew its mortgage application. 

According to non-public TV, the IMF has set strict conditions for the resumption of the loan application, under which the authorities will have to impose a income tax of 17% on items on which it has given tax exemptions. 

The income tax fee on cellular phones is likewise in all likelihood to be raised to 17%. According to assets, on the demand of the IMF, the government is making ready to abolish the sales tax exemption of Rs 330 billion, whilst a presidential ordinance may be delivered to abolish this exemption on income tax.

On the other hand, in Washington Federal Minister for Finance Shaukat Tareen at the same time as speaking to a US suppose tank, expressed wish that the 6th installment might be obtained through the IMF quickly. So a long way, technical meetings with the IMF had been completed.

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