Pakistan is also considering imposing the flood Levy on those higher income brackets who are earning lofty profits in recent years and also said adjuster will be used to hike the budget deficit target envisaged at 4.9 per cent of GDP on eve of the budget for 2022-23.
"Data is not available. Whatever data is available is misleading. And making regulations in the absence of adequate information carries a high probability of us ending up with the wrong set of prescriptions," T Sankar said at a virtual conference hosted by the International Monetary Fund (IMF) on Saturday. The deputy governor highlighted the need for gathering "sufficient, trustworthy, and consistent information."
IMF demanded additional information, including details of shelved development projects that have now been taken up again as a top priority of the government, The Express Tribune reported.
Islamabad's foreign exchange crisis has worsened as reserves have been depleted to a critical low of USD 8 billion, compared to over USD 20 billion in August 2021, undermining the country's ability to make international payments.
This recommendation came after an annual review of China's economic policies which saw virtual discussions between the IMF and several senior policy officials on reform progress and challenges, and policy responses.
The Sri Lankan newspaper said if the country missed the December IMF deadline, it would have to wait for March 2023 to secure a USD 2.9 billion loan from the IMF in eight equal tranches.
The veiled reference comes as India has been vociferously telling the world about Pakistan's use of terrorism as state policy, at several world forums. Asides from this, New Delhi has been asking the world for greater scrutiny of Pakistan's actions in breeding terrorism.
Singapore, October 22 (ANI): As India-EU marks 60 years of bilateral relations the new free trade agreement negotiations can deliver what proved to be impossible 9 years ago, said media reports quoting Kathleen Van Brempt, a Member of the European Parliament.
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
