The IMF has demanded a new tax of 600 billion rupees, after which Pakistan has been forced to make difficult decisions to convince the IMF.
The toughest negotiations in history between Pakistan and the IMF will start from January 31. Pakistan will have to control the additional expenses of 2230 billion rupees.
The IMF is calling for more taxes to increase tax revenue
Sources say that Pakistan will have to control the additional expenditure of 2230 billion rupees and the subsidy of electricity and gas will have to be limited only to the poor.
Apart from this, the rates of electricity and gas will have to be increased in a phased manner. There is a fear of Rs.50 more increase on petrol.
The government will have to impose a ban on the purchase of new vehicles for the government officials, as well as economize on the use of electricity and gas in government institutions.
The income tax and sales tax exemptions will have to be reduced. The IMF delegation will visit Pakistan from January 31 and the negotiations will continue until February 9.