Islamabad: IMF has identified major threats to Pakistan’s economy.
According to the sources, the IMF has declared the delay in economic reforms, increase in debts, inflation, decrease in foreign exchange reserves as a threat to Pakistan’s economy.
Sources say that the main reason for Pakistan’s current economic and financial problems is the lack of effective implementation of the loan program.
According to sources, the government has assured the IMF to take measures to raise revenue next week, including the proposal to increase taxes on cigarettes and air tickets.
According to the sources, it is proposed to increase the 17% federal excise duty on air tickets and 50 paisa per stick excise duty on expensive cigarettes, while it is proposed to increase the tax on energy drinks and impose a levy on the income of banks.
According to the sources, it is also proposed to increase the petroleum development levy by 17 to 18 percent GST.