
News Topical, Digital Desk : A few days ago, Pakistan received a loan of 1 billion dollars from the International Monetary Fund (IMF) . Questions were being raised on the action of the IMF when money was given to Pakistan, which nurtures terrorists. Now the IMF is afraid that the money given to Pakistan may go waste, so the organization has taken a big step.
The IMF has imposed 11 new conditions before releasing the next installment of its relief program for Pakistan. At the same time, the IMF has described the India-Pakistan tension as a serious risk to the economic program.
Let us now also know the conditions that IMF imposed on Pakistan.
- It will be mandatory to pass the new budget of Rs 17,600 billion for the next financial year from the Parliament.
- Electricity bills will have to be increased.
- The ban on the import of used cars older than three years must be lifted.
- Implementation of new agricultural income tax law by the four federal units, which will improve taxpayer identification, return processing, compliance.
- The communication campaign in the country will have to be strengthened.
- Demonstrates the functioning of operational reforms based on IMF recommendations.
- The strategy for the financial sector after 2027 will have to be prepared and made public.
- Four additional conditions related to the energy sector have also been imposed, which include tariff determination, distribution reforms and financial transparency.
Pakistan is continuously increasing its defense budget
Pakistan, which is facing the brunt of inflation and weak economy, is continuously increasing its defense budget. Pakistan's upcoming defense budget is Rs 2,414 billion, which is 12 percent more than last year. However, Shahbaz government has increased it to Rs 2,500 billion (18 percent increase) earlier this month. It is feared that IMF may express displeasure over this decision of Pakistan.
Pakistan government is funding terrorists
Even though the IMF has given Pakistan a loan of $1 billion, India says that Pakistan is going to misuse this money. Recently, Pakistan's minister Tanveer Hussain visited Muridke. Muridke is one of the nine terrorist hideouts where Operation Sindoor was carried out. Hussain had said that the government will rebuild this area at its own expense.
India had expressed its displeasure after Hussain's statement. Defence Minister Rajnath Singh had said that giving any kind of financial aid to Pakistan is nothing less than funding terrorism.
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