Pakistan reviews FY2024 budget in final effort to clinch IMF deal ...Middle East

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Pakistan reviews FY2024 budget in final effort to clinch IMF deal
source : Daily Sun ( Middle East ) () 35
ISLAMABAD: Pakistan introduced a number of changes to its fiscal 2024 budget today, said finance minister Ishaq Dar, in a last-ditch effort to clinch a stalled rescue package with the International Monetary Fund.“Pakistan and IMF had detailed negotiations as a last effort to complete the pending review,” he told parliament.For the fiscal year starting next month, Pakistan will raise a further 215 billion Pakistani rupees (US$752 million) in new tax and cut 85 billion Pakistani rupees (US$300 million) in spending, as well as a number of other measures to shrink fiscal deficit, he said.The review came a day after Prime Minister Shehbaz Sharif met with IMF managing director Kristalina Georgieva

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