The International Monetary Fund (IMF) has asked Pakistan to tax monthly pensions over Rs 100,000.
According to reports, the new bailout program will require pension reforms, with policy talks starting tomorrow as negotiations near their final phase.
To get a new loan from the IMF, Pakistan must meet their demands.
Last week, the IMF asked Pakistani authorities to raise the general sales tax (GST) to 18 percent.
During the fourth round of talks, the IMF also requested reforms in the insurance sector, the creation of a separate regulatory body, and the privatization of three government-owned insurance companies.
The IMF delegation is currently in Pakistan, as the country seeks another program to address its financial shortage.
Read more: https://azaadenglish.com/what-does-pakistan-need-to-do-to-get-a-fresh-bailout-package-from-imf/
