Islamabad, May 17 -- Pakistan has committed to a sweeping new round of tax increases, higher petroleum levies and fiscal tightening measures under its agreement with the International Monetary Fund, with the Fund projecting federal revenues of PKR17.145 trillion (US$61.43 billion) for the 2026-27 fiscal year, reports Dawn.
According to the IMF's staff report, post completion of its third review of Pakistan's US$7 billion Extended Fund Facility (EEF) and second review of the US$1.4bn Resilience and Sustainability Facility (RSF), Islamabad will need to generate more than PKR2 trillion ($7.17 billion) in additional federal revenues next year, a rise of around 13.5 per cent compared to the current fiscal year.
As per the report, the federal g...