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No More Tax Amnesties, Government Commits to IMF


No More Tax Amnesties, Government Commits to IMF
No More Tax Amnesties, Government Commits to IMF
Resumption of Extended Fund Facility accompanies undertaking for massive increase to taxes, utility prices
Pakistan has committed to not provide any new tax exemption or amnesty as part of terms agreed upon with the International Monetary Fund (IMF) to resume the Extended Fund Facility (EFF) that was stalled last year.
A Staff Report made public by the IMF on the second, third, fourth, and fifth reviews of the EFF that concluded last month reveals that the government has set ambitious targets for revenue generation, including by imposing the maximum possible levy on petroleum products (Rs. 30/liter) through the next year. According to the IMF, this would generate Rs. 510 billion in revenues against a budgeted target of Rs. 450 billion. For the next fiscal, this target has been raised to Rs. 607 billion. ....

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Pakistan settling outsiders in Gwadar to dilute Baloch influence


Pakistan settling outsiders in Gwadar to dilute Baloch influence
  Tue, Apr 06 2021 01:48:24 PM
By Rahul Kumar
New Delhi,
Apr 6 (IANS): Pakistan has decided to turn its port city of Gwadar, the starting point of the China Pakistan Economic Corridor (CPEC), as the capital of southern Balochistan .
The deep move has several implications. The new administrative change will allow the government to change the demographic complexion of the region, by opening the gates for Pashtun settlers to enter the province, undermining the influence of the more militant ethnic Balochs. If everything goes to plan, the resulting stability in turn will secure the huge investments that are pouring in from China under CPEC. CPEC is the flagship of the Chinese President Xi Jinping s Belt and Road Initiative (BRI). ....

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