{"id":64369,"date":"2020-04-21T17:24:41","date_gmt":"2020-04-21T12:24:41","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64369"},"modified":"2020-04-21T18:16:57","modified_gmt":"2020-04-21T13:16:57","slug":"imf-supports-governments-construction-sector-package","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-supports-governments-construction-sector-package.html","title":{"rendered":"IMF voices support for government\u2019s construction sector package"},"content":{"rendered":"\n<p>Islamabad: International Monetary Fund (IMF)\u2019s Resident Representative Teresa Dab\u00e1n Sanchez has voiced the fund&#8217;s support for the government\u2019s recently announced construction sector package \u2014 with the initiative broadly aimed at benefiting the country\u2019s daily wagers, according to news sources. In addition, the IMF representative also advised the executive to impose appropriate taxation on the petroleum, beverages, vehicles, and tobacco sectors. <\/p>\n\n\n\n<p><strong>Read:<\/strong>  <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html\" target=\"_blank\">WBG, IMF seek postponement on debt repayments by developing countries<\/a> <\/p>\n\n\n\n<p>She\nstated that Pakistan could use taxation as a way forward, and that this sometimes\nrequired increasing the country\u2019s tax base and tax rates. Representative Sanchez made these comments while speaking at an online policy dialogue,\nheld under the auspices of the Sustainable\nDevelopment Policy Institute (SDPI).<\/p>\n\n\n\n<p>During her talk, she said that the monetary performance of Pakistan had been satisfactory and that the<a href=\"https:\/\/www.zameen.com\/news\/imf-acknowledges-pakistans-response-amid-covid-19.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" IMF (opens in a new tab)\"> IMF<\/a> would continue to work with the authorities to work out a feasible roadmap for the country; which would then be made a part of the budget next year.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/imf-pakistan-agree-not-introduce-mini-budget.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF, Pakistan agree to not introduce mini-budget (opens in a new tab)\">IMF, Pakistan agree to not introduce mini-budget<\/a><\/p>\n\n\n\n<p>The representative further revealed\nthat the IMF toolkit to battle the impact of the coronavirus pandemic included USD\n1.4 billion funds for Pakistan, under its Rapid Finance Instrument (RFI). She\nalso said that the ongoing Existing Fund Facility (EFF)&nbsp;was still\nfunctional and that its next review meeting might be a virtual one. Moreover,\nshe lauded the government\u2019s various initiatives in response to the COVID-19\npandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: International Monetary Fund (IMF)\u2019s Resident Representative Teresa Dab\u00e1n Sanchez has voiced the fund&#8217;s support for the government\u2019s recently announced construction sector package \u2014 with the initiative broadly aimed at benefiting the country\u2019s daily wagers, according to news sources. In addition, the IMF representative also advised the executive to impose appropriate taxation on the petroleum, beverages, vehicles, and tobacco sectors. Read: WBG, IMF seek postponement on debt repayments by developing countries She stated that Pakistan could use taxation as a way forward, and that this sometimes required increasing the country\u2019s tax base and tax rates. Representative Sanchez made these comments while speaking at an online policy dialogue, held under the auspices of the Sustainable Development Policy Institute (SDPI). During her talk, she said that the monetary performance of Pakistan had been satisfactory and that the IMF would continue to work with the authorities to work out a feasible roadmap for the country; which would then be made a part of the budget next year. Read: IMF, Pakistan agree to not introduce mini-budget The representative further revealed that the IMF toolkit to battle the impact of the coronavirus pandemic included USD 1.4 billion funds for Pakistan, under its Rapid Finance Instrument&hellip;<\/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":[15012,15013,20385],"tags":[26842],"persona":[],"class_list":{"0":"post-64369","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-construction","9":"category-development-projects","10":"tag-imf-voices-support-for-governments-construction-sector-package","11":"cat-15012-id","12":"cat-15013-id","13":"cat-20385-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 supports government\u2019s construction sector package- Zameen News<\/title>\n<meta name=\"description\" content=\"IMF\u2019s Resident Representative Teresa Dab\u00e1n Sanchez has voiced the fund&#039;s support for the government\u2019s recently announced construction sector package\" \/>\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-supports-governments-construction-sector-package.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF supports government\u2019s construction sector package- Zameen News\" \/>\n<meta property=\"og:description\" content=\"IMF\u2019s Resident Representative Teresa Dab\u00e1n Sanchez has voiced the fund&#039;s support for the government\u2019s recently announced construction sector package\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-supports-governments-construction-sector-package.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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