Chinese Consortium of Banks Agrees to Provide 2.3 Billion to Pakistan
This money will be give to Pakistan in next few days. We are grateful to the Chinese government for providing this money. Finance Minister Muftah Ismail’s tweet The Chinese consortium has agreed to provide 2. 2.3 billion to Pakistan.
Finance Minister Muftah Ismail said that the money would be given to Pakistan in the next few days. He thanked the Chinese government for providing the money.
According to details, Federal Finance Minister Muftah Ismail said in a statement on Twitter. That the Chinese consortium of banks has signed a سہ 2.3 billion loan facility agreement, which was signed by Pakistan yesterday.
Under the agreement, the money will reach Pakistan in a few days. The Chinese government is grateful for the money. In addition, Finance Minister Muftah Ismail. Is expecte to receive a one-year extension. In the bailout package from the IMF.
Talking to foreign news agency Reuters. He said that the amount of loan from IMF is likely to increase while budget. And financial measures have been agree upon from IMF.
Minister Muftah Ismail
On the other hand, sources in media reports. It was informe that in the next budget it has been agree to increase the target of tax collection from Rs. 7,005 billion to Rs. 7,450 billion, while the target of customs. Collection has been increase from Rs. 950 billion to Rs. 1,005 billion.
It has been agree to levy a levy of Rs. 5 per liter per month on petroleum products, raising the target of GST collection from Rs. The IMF has demanded that sales tax on petroleum products be levied at the rate of 11% from July 1, citing media reports citing sources as saying that the IMF has demanded levy of Rs 50 per liter on petroleum products.
It has been agree to levy Rs 5 per liter per month on petroleum products. It may be recalle that Finance Minister Muftah Ismail while briefing. The Federal Cabinet meeting yesterday.
Said that the increase in prices of petroleum products. Has nothing to do with IMF. The increase is due to global inflation. He said that this was the first budget. When taxes were give. To the rich and relief was give to the poor.