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IMF trap and flawed tax policies: who s responsible?
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Taxes, social services, gender & equality
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FBR: A house in shambles - Daily Times
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Daily Times
July 25, 2021
According to a press report, the International Monetary Fund (IMF) is looking forward to continuing discussions with the Pakistani authorities on the set of policies and reforms that could form the basis for completion of the sixth review under the $6-billion Extended Fund Facility (EFF). This was stated by the IMF resident representative, Ms. Teresa Dabán Sanchez in response to a query by an English daily. She further stated that “we welcome the strong and constructive engagement with the Pakistani authorities and we stand ready to continue supporting Pakistan to achieve the objectives of debt sustainability and strong and sustainable growth, through the implementation of the policies, structural reforms and social spending enhancement envisaged in the EFF-supporting program.”
Daily Times
Wall Street Journal, titled,
The budget for the fiscal year 2020-21 was made amidst very difficult times when the country was suffering immensely in terms of human casualties and economic hardships. It was claimed by the coalition government of Pakistan Tehreek-i-Insaf (PTI) that it would remain in the programme of the International Monetary Fund (IMF). However, it will negotiate not to impose new taxes, raise the prices of electricity, POL products, and eatable consumed by the poor people. Within 20 days of the passage of the budget for the fiscal year 2021-22, it did all required by IMF. It is not only highly immoral all political parties damn care about but also going to destroy tall claims about growth.