Pakistan PM Shahbaz Sharif
Islamabad: Pakistan is continuously becoming financially poor and the situation is such that if it does not get loan then it is unable to run its system for a long time. The latest case is that Pakistan has cut 1.5 lakh jobs and also dissolved 6 ministries to reduce economic expenses. Apart from this, merger of two other ministries has also been announced.
Let us tell you that Pakistan has done this work by taking a loan from the International Monetary Fund (IMF) because it has to show the world that it is limiting its expenses and hence it should be given a loan. According to the information received, Pakistan has taken this step under the loan of 7 billion US dollars with IMF.
What is the whole matter?
In fact, on September 26, the International Monetary Fund had approved Pakistan’s aid package and the first after Pakistan committed to cut expenditure, increase the tax-to-GDP ratio, and tax non-traditional sectors like agriculture and real estate. More than USD 1 billion was released as tranche.
The statement of Pakistan’s Finance Minister was revealed
Addressing the media on his return from America, Pakistan Finance Minister Muhammad Aurangzeb had said that a program with the IMF has been finalized, which will be the last program for Pakistan. He had said, ‘We need to implement our policies to prove that this will be the last event.’ He stressed that to join the G20, the economy will have to be formalized.
The minister had said, ‘Right-sizing work is going on within the ministries and the decision to close down six ministries will be implemented, while two ministries will be merged. Additionally, 1,50,000 posts in various ministries will be abolished.
He had discussed in detail the rising tax revenue and said that there were about 3 lakh new taxpayers last year and 732,000 new taxpayers have registered so far this year, taking the total number of taxpayers in the country from 1.6 million to 3.2 million. Is.
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