ISLAMABAD: In order to fund development, the International Monetary Fund (IMF) urged Pakistan to increase its tax revenue on Friday.
One of the key elements is the need to mobilise domestic tax revenue to fund much needed social and developmental spending while placing debt on a firm downward trend, said IMF Director Communications Gerry Rice on supporting Pakistan programme.
Rice further informed about the visit of a team to Pakistan in the next few days, which will be headed by Director for that area, Jihad Azur.
Under the Extended Fund Facility (EFF), Pakistan received the first tranche of a loan of $991.4 million from the IMF on July 10.
After receiving the loan from the IMF, the country’s foreign exchange reserves now stand at above $15.0431 billion, as per a report issued by the State Bank of Pakistan (SBP).
On July 3, IMF’s Executive Board had approved a three-year bailout package worth $6 billion to support Pakistan’s economic plan which aims to return sustainable growth to the country’s economy and improve the standards of living.
For news and blogs, visit Graana.com.
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
