Tuesday, July 23, 2024
HomePakistanApproved Budget for 2024: "Not Enough," Pakistan Needs to "DO More", IMF

Approved Budget for 2024: “Not Enough,” Pakistan Needs to “DO More”, IMF

According to the International Monetary Fund (IMF), Pakistan’s budget endorsement for 2024-25 is insufficient, and the organization has called on Pakistan to do more. The federal budget of 18,870 billion rupees for the financial year 2024-25 was approved by the National Assembly a day ago. In IMF’s view, additional work has to be done to deal with the country’s economic problems.

Sources claim that is pressuring Pakistan to increase gas and electricity prices from July 1. The International Monetary Fund (IMF) has also urged Pakistan to immediately implement the tariff adjustment decision made by the National Electric Power Regulatory Authority (NEPRA).

Emphasized how important it is to eliminate tax breaks and subsidies as they are critical to Pakistan’s economic growth. They believe that removing these tax incentives will help in economic stability and better financial conditions of the nation.

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