{"id":63133,"date":"2020-03-24T17:19:39","date_gmt":"2020-03-24T12:19:39","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63133"},"modified":"2020-03-24T17:20:05","modified_gmt":"2020-03-24T12:20:05","slug":"imf-allows-tax-concessions-businesses-affected-coronavirus-pandemic","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-allows-tax-concessions-businesses-affected-coronavirus-pandemic.html","title":{"rendered":"IMF allows tax concessions to businesses affected by coronavirus pandemic"},"content":{"rendered":"\n<p>Islamabad: Amid the ongoing novel coronavirus pandemic, the International Monetary Fund (IMF) has allowed the Pakistani government to provide tax concessions to businesses affected by the outbreak, a news source reported.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/ongoing-deal-with-imf-set-to-last-one-minister-umar.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Ongoing deal with IMF set to be the last one: Minister Umar (opens in a new tab)\">Ongoing deal with IMF set to be the last one: Minister Umar<\/a><\/p>\n\n\n\n<p>To this effect, Advisor to the Prime Minister (PM) on\nFinance Dr Abdul Hafeez Shaikh has stated that the IMF recently allowed the\nfederal executive to provide tax concessions to industries and individuals\naffected by the novel\ncoronavirus pandemic.<\/p>\n\n\n\n<p>On the other hand, the PM\u2019s advisor said that they were not planning to renegotiate the USD 6 billion package with the international institution. He added that in case of need, the government could ask the IMF for an additional support package.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/imf-fbr-meeting-imposition-new-taxes-denied.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF-FBR meeting: imposition of new taxes denied (opens in a new tab)\">IMF-FBR meeting: imposition of new taxes denied<\/a><\/p>\n\n\n\n<p>He said that the Asian Development Bank (ADB) and the World\nBank (WB) had agreed to provide concessional loans for fighting the increase in\nnovel coronavirus\ncases in the country. Shaikh further revealed that the IMF had already agreed\nto relax the budget deficit ceiling to the extent of the human coronavirus-related\nspending in Pakistan. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Amid the ongoing novel coronavirus pandemic, the International Monetary Fund (IMF) has allowed the Pakistani government to provide tax concessions to businesses affected by the outbreak, a news source reported. Read: Ongoing deal with IMF set to be the last one: Minister Umar To this effect, Advisor to the Prime Minister (PM) on Finance Dr Abdul Hafeez Shaikh has stated that the IMF recently allowed the federal executive to provide tax concessions to industries and individuals affected by the novel coronavirus pandemic. On the other hand, the PM\u2019s advisor said that they were not planning to renegotiate the USD 6 billion package with the international institution. He added that in case of need, the government could ask the IMF for an additional support package. Read: IMF-FBR meeting: imposition of new taxes denied He said that the Asian Development Bank (ADB) and the World Bank (WB) had agreed to provide concessional loans for fighting the increase in novel coronavirus cases in the country. Shaikh further revealed that the IMF had already agreed to relax the budget deficit ceiling to the extent of the human coronavirus-related spending in Pakistan.<\/p>\n","protected":false},"author":68,"featured_media":61048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15017],"tags":[24057],"persona":[],"class_list":{"0":"post-63133","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-notices-announcements","9":"tag-details-on-imf-allows-tax-concessions-to-businesses-affected-by-coronavirus-pandemic","10":"cat-15015-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF allows tax concessions to businesses affected by coronavirus pandemic - Zameen News<\/title>\n<meta name=\"description\" content=\"Amid the ongoing novel coronavirus pandemic, the International Monetary Fund (IMF) has allowed the Pakistani government to provide tax concessions to businesses affected by the outbreak.\" \/>\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-allows-tax-concessions-businesses-affected-coronavirus-pandemic.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF allows tax concessions to businesses affected by coronavirus pandemic - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Amid the ongoing novel coronavirus pandemic, the International Monetary Fund (IMF) has allowed the Pakistani government to provide tax concessions to businesses affected by the outbreak.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-allows-tax-concessions-businesses-affected-coronavirus-pandemic.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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