Pakistan finance minister held important meetings with IMF and World Bank Chiefs in Washington
Islamabad … News Time
$ 8 billion worth of agreement between the government and the IMF is expected, but the dollar can not agree on the exchange rate of both IMF is demanding a withdrawal of government control over the exchange rate and the government has been told that it gives the State Bank the full independence of it, according to the perception that all terms, including Government and IMF, are almost fixed. And instead of announcing, the strategy will make the government itself for its implementation Banks savings system and user-being computerized are being made on the demand of IMF and the government, which will meet the IMF, will be a part of reservoir reserves and the government will not be able to use this amount for development projects. Government plans to approach the World Bank for development projects IMF had put a complete package in front of the government for the agreement. There is no relation between the IMF and the Tax Amnesty Scheme with the IMF which has begun after the government fails to implement. Tax Amnesty Scheme Bank Transaction Rules are being implemented to implement the rules, the scheme is actually in place for implementing FAF rules. The government believes the bank has been rescued abroad and within the country after bringing hardship in the laws of the bank and the tax amnesty scheme wants to collect 200 billion rupees through this, so that their sessions have been canceled by demanding the meeting of National Assembly and Senate. And before the session, the government will bring presidential ordinance, PML-N collected Rs 120 billion from tax amnesty and now the government wants to collect 200 billion, in which it is paying tax to 3 to 10 percent tax to benefit from this scheme from Pakistanis abroad. And if the foreigners in Pakistan return their money back to Pakistan, the government will give them more profits. It has come to know that the government has also talked about its tax references in addition to energy fields with IMF for the last 4,3 months.
IMF has given the energy sector restoration program in the economic road map, according to which the total cost of gas and power will be consumed by consuming the complete subsidy. Electricity tariff will be adjusted every 3 months under 11 percent increase in electricity cost. Due to lack of energy, GDP losses have reached 380 billion annually, Gas sector also increased by 26 percent in the future, there will be more adjustments in the future. The dialogue with IMF will now bring a national electric policy similarly, the National Transmission Company will be formed for the gas and will work on the next 25 years. During the next 5 years 2019.23, payment of money, refund, reimbatement of mobile phones, banking, salary, pensions, net savings schemes, tax and duty schemes in Pakistan, electronic Gateway Infrastructure will be brought to the country to digitalize the government’s receipts and payment systems on federal and provincial level.
The Pakistan post system will also be electronics and digital, the savings schemes of the Central Directorate of National Sessions (CDNS) will be transferred to electronic investors every month. Transforming Office will be set up in Primary Secretary Secretariat to make every sector electronic and digital. The system of digital measurements in Pakistan will be made digitally by the year 2023, the 163 branches of the country’s Central Directorate of National Sessions will be made digital. According to sources, there is no link between the IMF and the Tax Amnesty Scheme. Tax Amnesty Scheme Bank Transaction is being implemented to implement the rules. This scheme is actually in place for the implementation of FAF rules. Government thinks bank has been rescued abroad and abroad after bringing hardship in the laws. And the tax amnesty scheme wants to collect 200 billion rupees through this, so that their sessions have been canceled by demanding the meeting of National Assembly and Senate. And before the session, the government will bring presidential ordinance.
It is clear that the PML-N collected Rs 120 billion from the tax amnesty and now the government wants to collect 200 billion rupees. In which he is letting Pakistanis from abroad to benefit from this scheme to 3 to 10 percent tax rebates. And if the foreigners in Pakistan return their money back to Pakistan, the government will give them more profits. The Finance Minister of Pakistan held an important meeting with Chief of IMF and World Bank in Washington.
