UPDATE 1-Pakistan reviews FY2024 budget as last ditch effort to clinch IMF deal

admin

Administrator
Jun 17, 2007
66,216
0
36
49
Canada
Pakistan introduced a number of changes to its fiscal 2024 budget on Saturday, said Finance Minister Ishaq Dar, in a last-ditch effort to clinch a stalled rescue package with the International Monetary Fund. "Pakistan and IMF had detailed negotiations as a last effort to complete the pending review," he told parliament. For the fiscal year starting next month, Pakistan will raise a further 215 billion rupees ($752 million) in new tax and cut 85 billion rupees ($300 million) in spending, as well as a number of other measures to shrink fiscal deficit, he said.
 
Back
Top