The oft-trodden path and a sense of déjà vuSatisfied that some of its critical conditions had been duly foreloaded, the IMF has approved a $6 billion bailout package for Pakistan. The IMF programme should provide little satisfaction to Prime Minister Imran Khan as what he has managed to achieve is the 13th bailout since the 1980s. Some of the IMF’s conditions are bound to hinder the fulfilment of promises made by the PTI during the elections. Reportedly 110,000 people have declared assets under the amnesty scheme and deposited about Rs55 billion in taxes till July 3. The returns are less significant compared to the PML(N) government’s last tax amnesty scheme when over Rs124bn had been collected from 83,000 beneficiaries.

Source: Pakistan Today July 04, 2019 15:33 UTC