International Monetary Fund experts have sent their report to the government of Pakistan.
In the report, experts have emphasized that the new government should end sales tax loopholes.
Apparently, as a basic condition of the new loans, the government has been asked to end tax concessions on all basic commodities, including sugar.
It has been proposed that the government imposes a minimum sales tax of 18% on food items and medicines.
International Monetary Fund experts have asked the new Pakistani government to impose taxes worth Rs. 1300 billion.
It may be recalled that experts from the International Monetary Fund visited Pakistan in December 2023 to review the performance of the economy and other related issues.
It should be noted that to finalize the package of new loans, the IMF has been emphasizing on the increase in various taxes because in this case it is possible to increase the revenue of the government and repay the loans and interest on them. Under the terms of the IMF, sales tax rates on basic goods have been raised in Pakistan.