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IMF asks govt to focus on human development

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ISLAMABAD: The International Mone­tary Fund (IMF) has asked Pakistan to reduce import tariffs, ensure General Sales Tax harmonisation, enter into free-trade agreements and take ownership of underfunded Sustainable Development Goals (SDGs).

At a joint meeting of the Senate and National Assembly standing committees on finance, a visiting staff mission of the IMF briefed the parliamentarians on Pakistan’s trade growth, SDGs financing and GST harmonisation.

Informed sources said the IMF team put SDGs costing at Rs6.196 trillion until 2030 and wanted creation of additional fiscal space.

This came amid media reports that Pakistani authorities and the IMF mission had completed the second review of the $6bn bailout programme and agreed not to bring a mini-budget or increase taxes during the current fiscal year despite a massive revenue shortfall. However, a finance ministry official said talks would continue on Thursday.

ISLAMABAD: The International Mone­tary Fund (IMF) has asked Pakistan to reduce import tariffs, ensure General Sales Tax harmonisation, enter into free-trade agreements and take ownership of underfunded Sustainable Development Goals (SDGs).

At a joint meeting of the Senate and National Assembly standing committees on finance, a visiting staff mission of the IMF briefed the parliamentarians on Pakistan’s trade growth, SDGs financing and GST harmonisation.

Informed sources said the IMF team put SDGs costing at Rs6.196 trillion until 2030 and wanted creation of additional fiscal space.

This came amid media reports that Pakistani authorities and the IMF mission had completed the second review of the $6bn bailout programme and agreed not to bring a mini-budget or increase taxes during the current fiscal year despite a massive revenue shortfall. However, a finance ministry official said talks would continue on Thursday.