Pakistan to receive $11 billion from multiple sources
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Pakistan Finance Minister Shamshad Akhtar has mentioned today that the goal for the current fiscal year is to obtain 11 billion dollars from donors and friendly countries, and negotiations are underway with China and Saudi Arabia upon reaching this 11 billion dollar target.
It is expected to receive money from World Bank program, with 11 billion dollars to be acquired from friendly countries and donors. A request for oil has also been made to Saudi Arabia in lieu of delayed payments. External investment is coming in through the IMF, and measures are being taken to bring agriculture, retail sector, and real estate into the tax net.
The state of national loans is extremely precarious, and the main reason for inflation is the depreciation of the rupee. No one will be allowed to engage in illegal activities in the currency market, and all unlicensed exchange companies will be closed.
We are still providing subsidies of 1 trillion rupees on electricity and gas? Inflation has decreased due to the responsible government's actions, and a major reason for inflation is structural imbalance.
On the other hand, the Federal Board of Revenue (FBR) has decided not to extend the tax return filing deadline for taxpayers. The last date to file income tax returns is September 30, and so far, more than 1.7 million individuals have filed tax returns. It is possible to exceed 2 million tax return filers by September 30, and the concerned commissioner can be facilitated by submitting a previous request. An additional 15 days can be given for taxpayers to submit their requests.
