WASHINGTON: The International Monetary Fund (IMF) reveals the majordeficiency in Pakistan economy in the followup of the loan agreement.
IMF said Pakistan needs to increase its tax revenue in order to funddevelopment.
In a press briefing, IMF Director Communications Gerry Rice said, “One ofthe key elements of the program that the IMF is supporting in Pakistan,Pakistan’s program, is the need to mobilise domestic tax revenue to fundmuch needed social and development spending while placing debt on a firmdownward trend.”
Rice further said this was something that was emphasised by acting ManagingDirector David Lipton during his meeting with Prime Minister Imran Khan inJuly.
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The spokesman also confirmed an earlier report of an IMF mission visitingIslamabad to hold talks on fiscal matters with the policymakers.
