Talks between Pakistan and the International Monetary Fund (IMF) will now take place after the approval of the budget in which the loan agreement will be signed while the IMF Memorandum of Economic and Financial Policy Framework is likely to be given to Pakistan in two days. Is.
According to sources in the Ministry of Finance, the talks between the IMF and Pakistani officials will take place on June 28 after the budget is approved, after which the loan agreement will be signed. The Finance Minister and the Governor SBP will sign on behalf of Pakistan.
According to sources, Pakistan has requested to increase the loan program from 6 6 billion to 8 8 billion and has also asked the IMF to extend the consent period by one year. Pakistan wants the program to run till 2024 instead of 2023.
Sources said that the budget for the next financial year will be around Rs 10,000 billion, 11 per cent sales tax will be levied on petroleum products from July 1 and it has been decided to levy Rs 50 per liter levy on petroleum products.
According to sources, it has been agreed to levy Rs 5 per liter per month on petroleum products while raising the target of tax collection from Rs 7005 to Rs 7450 billion, raising the target of customs collection from Rs 950 billion to Rs 1005 billion and raising the target of GST collection from Rs 3008 to Rs 3300 billion. It has been agreed to make Rs.
Sources said that the target for income tax collection has been set at Rs 55 billion. According to sources, the policy framework will be handed over to Pakistan in the next two days.
