Islamabad:
The federal government has decided to take steps to fulfill strict conditions including amending the Civil Servants Act by February 2025 to obtain the next installment of one billion 10 million dollars from the IMF. .
According to the officials of the Ministry of Finance, the target of tax collection is 6 thousand 9 billion by December and 9 thousand 168 billion by March 2025. No new tax amnesty or discount will be given to any business sector.
Domestic foreign exchange reserves will be increased to the equivalent of 3 months of imports, provincial agricultural income tax collection will be started, energy sector liabilities will be limited to 417 billion rupees, tax refunds will be limited to 24 billion rupees.
For the privatization of two discos, all policy measures will be completed by January, steps will be taken for right-sizing gradually in various government institutions, the use of gas in captive power plants in the gas sector will be stopped by January 2025.
Finance Ministry officials say that the program will be completed successfully. Additionally, Federal Finance Minister Senator Muhammad Aurangzeb visited the Competition Commission and took a detailed briefing on the Commission’s performance. He said that strict measures should be taken to eliminate cartelization from various economic sectors and markets.
