Pakistan's 40-Day Race to Secure IMF Bailout | Breaking News

Описание: Pakistan faces a crucial 40-day deadline to meet several IMF conditions, requiring parliamentary approvals and legislative actions, to secure a staff-level agreement for a new bailout program. Recent discussions with the IMF covered essential economic reforms in power, gas, state-owned enterprises, and revenue policies. Key budget measures include reducing tax slabs, treating agricultural income as regular income, and stricter penalties for non-filers. Additionally, gas and electricity tariff adjustments are planned, with gas prices expected to rise by 20-30%. The government has categorized 24 state-owned enterprises for privatization or strategic retention, with limited privatization progress anticipated in the next fiscal year. Key transactions, like Pakistan International Airlines, may proceed, while discussions on entities like Pakistan Television and Radio Pakistan continue.

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