ISLAMABAD: Finance Minister Shaukat Tarin said on Wednesday that Pakistan had informed the International Monitory Fund (IMF) that increasing taxes or tariffs was currently unfeasible under the IMF programme, adding that Prime Minister Imran Khan is against a tariff hike. “Pakistan has not yet come out of the IMF programme, we have told them that our revenues were increasing at 92 per cent but the third wave of Covid has caused some decreases, ” Tarin said. Regarding his plan in the banking sector, the finance minister said that banks would be asked to increase the number of lending. Separately, Shaukat Tarin said Pakistan is looking forward to further deepen trade and investment ties with the US. While extending a warm welcome to Angela Aggeler, the finance minister stated that Pakistan is looking forward to further deepen trade and investment ties with the US under the new administration.
Source: Pakistan Today May 05, 2021 13:42 UTC