The government of Pakistan is set to finalize the initials of the budget for the financial year 2024-2025. The government’s push for the budget is to ensure a long-term debt plan by the IMF.
All the relevant departments are ordered to finalize their initial targets for the new financial year. The finance departments have contacted all the other ministries to jointly work on an estimate The FBR has been asked to present initials on defense and expected tax revenue.
Also Read: Pakistan, IMF Reach Agreement For $1.1bn Release From Bailout Package
The IMF team will land in Pakistan on May 15 and is expected to hold discussions on a new long-term loan program for the already-diseased nation. With the IMF’s new plan, the failure of Pakistan’s amnesty scheme needs to a highlighted, This and other failed targets by the IMF may create some hurdles to guaranteeing a healthy loan program.
