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Islamabad: Finance Minister Ishaq Dar says that according to the agreement with the IMF, new taxes worth 170 billion rupees should be introduced for which a small budget will be brought.
Finance Minister Ishaq Dar told a press conference that everything was agreed till last night and asked the IMF to give us the Memorandum of Economic and Financial Policy (MEFP). provide details after reaching an agreement, the draft MEFP was adopted this morning after negotiations with the IMF, now a virtual meeting will be held on Monday to take things forward, the government and the economic team will fight to finalize the agreement. deal with the IMF.
He said that the current government is implementing the program of former Prime Minister Imran Khan, this program belongs to Imran Khan, there is no delay in the work, we will try to make Pakistan complete the IMF program for the second time in history. Minister Shehbaz also said that we will implement the agreement with the IMF.
Ishaq Dar said that 170 billion taxes should be included in the IMF package where every possible effort should be made to introduce such a tax which would put a direct burden on the common man, a small budget should be introduced. . to be brought for new taxes, now there are decrees or draft issues in this regard, this 170 billion rupees should be implemented in the same financial year.
The Minister of Finance said that there are reforms in the energy sector, which have been decided by the Cabinet of Ministers and will be implemented. In this work, the necessary thing is to stop the progress and stop the recurring debt in the gas sector. Targeted subsidies As a minimum, the periodic flow of gas data should also be zeroed out.
He went on to say that the duty of oil extraction has been fulfilled, the limit of 50 rupees for petrol and 40 rupees for diesel has been fulfilled, now the remaining 10 rupees is 5.5 rupees. To support Benazir’s income, it is decided that the government will receive it from 360 billion to 400 billion.
Finance Minister Ishaq Dar said it was agreed that there would be no sales tax on petrol as far as GST was concerned, it was included in the 170 billion taxes.
On the LC issue, he said that if $5.7 million is sanctioned, all business will begin.