Finance Minister Muhammad Aurangzeb has confirmed that the federal government will not impose sales tax on petroleum products. He also said that loans will not be taken from international commercial banks at high interest rates.
Reports Speaking informally to reporters on Tuesday, the Finance Minister said that the Executive Board of the International Monetary Fund (IMF) will meet at the end of this month to discuss the $7 billion bailout agreed last month. Therefore, it will give a hint of vague hope on Pakistan’s agenda.
Mohammad Aurangzeb said that Pakistan is facing a financing gap of 3 to 5 billion dollars during the ongoing program of the IMF.
He further said that Pakistan has already hired a consultant in China regarding Panda Bond.
He briefed about the ongoing digitization of the Federal Board of Revenue (FBR) and conversion of coal power plants to indigenous coal, which may take two to three years to complete.
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2024-08-07 19:45:23
