The Ministry of Finance has responded to the statement given by the International Monetary Fund (IMF) on the budget for 2023-24.
According to a Finance Ministry statement, the 9th review with the IMF was completed in February, leaving only consensus on external funding.
According to the statement, the issue of external funding was also resolved in the Prime Minister’s meeting with the Managing Director (MD) of the IMF on May 19.
According to the statement of the Finance Ministry, next year’s budget was not part of the 9th review, as promised by the Prime Minister, the budget details were sent to the IMF.
According to the announcement, the Federal Board of Revenue (FBR) widened the tax net and registered 11 lakh 6100 new taxpayers, increasing the number of taxpayers by 26.38% in 11 months.
According to the announcement of the Ministry of Finance, the implementation of an adjustable 0.6% advance tax on cash withdrawals of more than 50,000 from banks is an important step.
According to the statement, the exemption announced in the budget is to increase the growth rate in the real sector, this exemption is to increase the employment opportunities for the citizens.
According to the Ministry of Finance, the funds for Benazir Income Support (BISP) were increased from 350 billion to 400 billion rupees in February this year.
According to the declaration, measures for the beneficiaries are not limited to BISP, the amount for BISP has been increased from 400 to 450 billion rupees in the budget.
According to the Ministry of Finance, 35 billion rupees have been earmarked for targeted subsidy through utility stores for the beneficiaries, this facility is also for the beneficiaries of Benazir Income Support.
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