IMF budget talks begin next week

IMF budget talks begin next week

Talks between Pakistan and the International Monetary Fund (IMF) to secure approval for next year's budget before its presentation in the National Assembly are set to begin on Wednesday, including finalising proposals to impose about Rs230 billion in net additional taxes. The government will also share a new tax scheme for traders with the IMF, which envisages imposing 1% of turnover as income tax. The threshold for small traders who would fall …