0 SHARES Share TweetWashington, United States April 23-Pakistan’s new finance minister on Friday agreed with IMF recommendations to reduce fuel subsidies and end a business tax amnesty scheme, pledging to pursue structural reforms to boost a crisis-wracked economy. “They’ve talked about removing the subsidy on fuel. But Ismail added that some targeted subsidies should remain for Pakistan’s poorest amid sky-high global prices. Ismail said that Pakistan, the world’s fifth most-populous nation, needed to move to a new economic model by removing obstacles and promoting exports to the world. Ismail said his immediate goal was reining in double-digit inflation — a target complicated by lifting fuel subsidies — and kickstarting job creation.

Source: Daily Nation April 23, 2022 08:44 UTC