Islamabad (HRNW)- The International Monetary Fund (IMF) has imposed 11 new stringent conditions on Pakistan, including a continuous increase in energy prices and a significant rise in tax targets.
According to a private TV report, the IMF has estimated that Rs 1,727 billion will be collected from the public through petroleum levy in the next fiscal year.
In addition, the IMF has set a tax collection target of Rs 15,267 billion for the Federal Board of Revenue (FBR) and has proposed additional taxes worth Rs 430 billion to meet this target. Of this, Rs 215 billion will come from new tax measures, while Rs 115 billion will be generated through improved tax enforcement.
The report further states that the IMF has also demanded measures to ensure the independence and transparency of NAB, along with regular notifications for increases in electricity and gas prices in the energy sector.
Other key conditions include parliamentary approval of the federal budget, strengthening of anti-corruption and public procurement systems, and improvements in tax revenue administration. The IMF has also directed the continuation of the Benazir Kafalat program, preparation of a roadmap for currency exchange flexibility, and increased regulatory transparency.
Additionally, amendments to PEPA rules, removal of incentives for special economic zones by 2035, and the establishment of a Pakistan Regulatory Registry for business regulation at the federal level have been made mandatory.
Economic experts say these measures are aimed at restoring macroeconomic stability and meeting targets under the ongoing IMF program.
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