Web Desk
Daily Dharti: After months of technical negotiations, the IMF and Pakistan have agreed. During negotiations, the IMF requested several reforms to be implemented, including increasing electricity and gas tariffs, imposing 18% GST on petroleum, and privatizing loss-making public institutions. These reforms are essential to help Pakistan’s economy recover and reach a stronger, healthier state.
The IMF has called for limiting state intervention in the economy, eliminating corruption and red tape, and improving the ease of business and tax culture. In addition, privatizing many public institutions, LNG power plants, and house-building finance are key steps to help reduce government involvement in the economy. It is also a part of a strategy to help promote economic stability and growth in the long run.
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The IMF’s call for reforms is a great opportunity for professionals to take advantage of. By staying up to date with the latest developments and taking steps to ensure compliance, you can create an environment conducive to economic growth.
IMF is also forced to reduce the loss of PIA and different institutes, including Steel Mills. It is said to reduce the institutional faults, try to cover them, and provide the best opportunities and facilities to the government and private sectors to stabilize Pakistan’s financial and economic condition.
As per according to the sources, the next meeting of the IMF will be held with the professionals of Pakistan in Islamabad in the upcoming days, and IMF will decide on which terms they will pass the loan installments for the Pakistani economy.
