The International Monetary Fund (IMF) has praised the steps taken by the Pakistani government, sources in Pakistan’s ministry of finance have told reporters.

These measures include making tough economic decisions part of the budget and eliminating tax exemptions on various items.

According to sources in the Ministry of Finance, the IMF has deemed these actions as positive for economic progress. An IMF delegation is expected to arrive in Pakistan on June 28.

According to the Ministry of Finance, there has been progress in the virtual negotiations with IMF officials.

The IMF has appreciated the political consensus in the country regarding the budget.

The IMF has stated that tough decisions are inevitable and beneficial for economic progress.

The IMF has expressed satisfaction with the government’s move to make tough economic decisions a part of the budget.

Additionally, the IMF has termed the cooperation of political parties and the elimination of tax exemptions as a major success for the tax system.

Read more

IMF proposes spike in GST and taxes on salaried class in new budget: sources

BudgetFY25: Exemption of tax and duty in erstwhile tribal areas to end

Defence spending, govt salaries to go up in Rs18 trillion budget