*ISLAMABAD: The International Monetary Fund (IMF) has placed tougherstructural benchmarks for Pakistan under the implementation plan forqualifying the next loan tranches, amounting to $3 billion, ARY Newsreported on Saturday.*
According to a report on the completion of the seventh and eighth reviewsof the extended fund facility (EFF), the global lender has slapped eightmore tougher targets on Pakistan in addition to giving fresh deadlines tomeet the actions.
For the revival of the IMF programme, the IMF has asked Pakistan to ensureelectronically filed tax and asset details of bureaucrats, cabinet membersand the parliamentarians and make them available to public.
The Fund has asked the government to end subsidies granted during the ImranKhan-led government. The IMF has asked the country to increase the levy onpetroleum products link to beincreased from Rs30 to Rs50.
The report further stated that Rs855 billion should be collected from thepeople by increasing the petroleum levy.
Read Top Stories
The government has also committed to ensure revival of general sales tax(GST) on petroleum products. “A 10.5 percent sales tax will be levied onpetroleum products”, the report stated.
Meanwhile, the electricity tarifflinkwouldreach upto Rs26 per unit as IMF has directed to slash subsidised rates forelectricity.
