IMF Urges Pakistan to Increase GST to 18% for Financial Stability and Reforms

• IMF mission has asked Pakistan to increase GST to 18%
• Demand put forward during four rounds of talks for a fresh loan
• IMF suggested sales tax collection should only be done by federal government
• IMF also demanded end of GST exemption and increase to 18% on commodities and services
• IMF also demanded reforms in Insurance Sector and privatisation of three government-owned insurance companies
• PM Shehbaz Sharif announced privatisation of all state-owned enterprises except for strategically important entities

Source: arynews.tv

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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