Pakistan falters to meet IMF conditions, provinces asked to raise USD 1.4 billion in taxes
Islamabad: The Pakistan government has directed provincial administrations to raise more thanย 400 billion PKR in additional taxes in the next fiscal year as the cash-strapped nation struggles to meet strict conditions set by the International Monetary Fund (IMF), according to a report by The Express Tribune. The move is likely to increase pressure on citizens already battling high inflation and economic uncertainty. Combined additional taxation targets under the federal and provincial budgets are expected to exceed Rs 1.1 trillion for FY2026-27. Pakistan Finance Minister Muhammad Aurangzeb held a virtual meeting with provincial finance ministers to discuss new revenue goals linked…