Whopping Rs1.27tr hike in taxes committed with IMF

In this file photo, a man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, US on May 10, 2018. (REUTERS)

April 9: Dawn report by Khaleeq Kiani states that Pakistan has made a commitment with the International Monetary Fund (IMF) to increase FBR taxes by a massive Rs1.272 trillion (almost 2.8 per cent of GDP) in the coming budget and jack up electricity rates by almost Rs4.97 per unit in the remaining three months of the current fiscal year.

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