Pakistan-IMF Talks Progress, No New Taxes: Finance Minister

Federal Finance Minister Muhammad Aurangzeb has assured that Pakistan’s talks with the International Monetary Fund (IMF) are moving forward on a positive note, and the government is not considering any new tax measures at the moment.

Pakistan is currently in discussions with the IMF as part of its ongoing economic stabilization program. These talks are crucial for securing financial support, meeting debt obligations, and restoring investor confidence. Recently, Pakistan successfully repaid a $500 million Eurobond, a move seen as a step toward strengthening its credibility in global markets.

Aurangzeb emphasized that the government’s priority is to increase the tax-to-GDP ratio to 11%, a key condition for improving fiscal stability. He clarified that the focus is on broadening the tax base and improving compliance, not on introducing new taxes that could burden the public.

He also highlighted that several tax-related cases remain pending in courts, and their resolution could unlock significant revenue potential for the government. According to him, improved tax collection, coupled with IMF-backed reforms, will play a vital role in stabilizing Pakistan’s economy.

The minister underlined that constructive dialogue with the IMF is continuing, reflecting optimism about reaching a sustainable agreement without placing immediate additional strain on businesses and citizens.