IMF Denies Seeking Tax Hikes From Pakistan Caretaker Government
• IMF denies plans to ask Pakistan to raise taxes on salaries and business income or increase petroleum levy threshold • Media reports had claimed IMF wanted Pakistan to cut number of tax slabs and increase taxes on middle, upper-middle income groups • Pakistan operating under caretaker government after $3B IMF loan program helped avert debt default in July • IMF bailout required Pakistan to implement fiscal adjustments like $1.34B in new taxes, fueling high inflation • News article originally published in Dawn newspaper on December 16, 2023