{"id":61358,"date":"2020-02-13T12:57:25","date_gmt":"2020-02-13T07:57:25","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61358"},"modified":"2020-02-13T12:57:26","modified_gmt":"2020-02-13T07:57:26","slug":"imf-pakistan-agree-not-introduce-mini-budget","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-pakistan-agree-not-introduce-mini-budget.html","title":{"rendered":"IMF, Pakistan agree to not introduce mini-budget"},"content":{"rendered":"\n<p>Islamabad: The International Monetary Fund (IMF)\u2019s visiting mission, and the Senate and National Assembly\u2019s Standing Committees on finance have completed the second review of the USD 6 billion bailout programme \u2014 with both sides agreeing to not introduce the <a href=\"https:\/\/www.zameen.com\/news\/imf-fbr-meeting-imposition-new-taxes-denied.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"mini-budget (opens in a new tab)\">mini-budget<\/a> or raise taxes during this fiscal year (2019-20), according to news sources. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/second-imf-tranche-received-reserves-soar-usd-18-bn.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Second IMF tranche received; reserves soar to USD 18 bn (opens in a new tab)\">Second IMF tranche received; reserves soar to USD 18 bn<\/a><\/p>\n\n\n\n<p>The talks between the IMF mission and Pakistani authorities will continue today, with the previous meeting expressing concerns over the massive revenue shortfall. According to sources, the Federal Board of Revenue (FBR) has proposed an amount of PKR 4.7 trillion as the maximum that can be collected this fiscal year; whereas the IMF is insistent on targeting an amount of PKR 4.9 trillion instead.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/imf-asked-lower-tax-collection-target-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF asked to lower tax collection target (opens in a new tab)\">IMF asked to lower tax collection target<\/a><\/p>\n\n\n\n<p>Furthermore,\nthe IMF has asked Pakistan to decrease import tariffs, promote General Sales\nTax (GST) harmonisation, take responsibility for underfunded Sustainable\nDevelopment Goals (SDGs), and encourage free-trade agreements. The officials\nreported that IMF estimated that SDGs would eventually cost PKR 6.196 trillion by\n2030, and expressed a wish to create additional fiscal space as a result.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The International Monetary Fund (IMF)\u2019s visiting mission, and the Senate and National Assembly\u2019s Standing Committees on finance have completed the second review of the USD 6 billion bailout programme \u2014 with both sides agreeing to not introduce the mini-budget or raise taxes during this fiscal year (2019-20), according to news sources. Read: Second IMF tranche received; reserves soar to USD 18 bn The talks between the IMF mission and Pakistani authorities will continue today, with the previous meeting expressing concerns over the massive revenue shortfall. According to sources, the Federal Board of Revenue (FBR) has proposed an amount of PKR 4.7 trillion as the maximum that can be collected this fiscal year; whereas the IMF is insistent on targeting an amount of PKR 4.9 trillion instead. Read: IMF asked to lower tax collection target Furthermore, the IMF has asked Pakistan to decrease import tariffs, promote General Sales Tax (GST) harmonisation, take responsibility for underfunded Sustainable Development Goals (SDGs), and encourage free-trade agreements. The officials reported that IMF estimated that SDGs would eventually cost PKR 6.196 trillion by 2030, and expressed a wish to create additional fiscal space as a result.<\/p>\n","protected":false},"author":75,"featured_media":61048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11728,18311,19088,5890],"persona":[],"class_list":{"0":"post-61358","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-imf","8":"tag-mini-budget","9":"tag-pakistan-agree-to-not-introduce-mini-budget","10":"tag-revenue-collection"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF, Pakistan agree to not introduce mini-budget - Zameen News<\/title>\n<meta name=\"description\" content=\"IMF, and Pakistani authorities have completed the second review of the USD 6 billion bailout programme, and agreed to not introduce the mini-budget\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/imf-pakistan-agree-not-introduce-mini-budget.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF, Pakistan agree to not introduce mini-budget - Zameen News\" \/>\n<meta property=\"og:description\" content=\"IMF, and Pakistani authorities have completed the second review of the USD 6 billion bailout programme, and agreed to not introduce the mini-budget\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-pakistan-agree-not-introduce-mini-budget.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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