Govt officers given until September to declare assets
Business
Pakistan, IMF agreed to present 'mini budget' to cover revenue shortfall
ISLAMABAD (Dunya News) – The government officers have been given until September 2025 to declare the assets as new deadline has been announced amid ongoing negotiations with International Monetary Fund (IMF) under $7 billion loan deal.
Sources said the Pakistani authorities will share a draft regarding asset declaration with the global lender, adding that the government has also decided to launch a digital portal in line with a demand made by the IMF.
In ongoing talks with the visiting delegation, both sides have agreed to present a “mini budget” to cover the revenue shortfall.
To mitigate the shortfall, the government is likely to impose super tax to collect Rs157 billion besides taking steps for early resolution of tax cases in courts. The Prime Minister’s Office will provide assistance for early hearing of tax cases.
However, negotiations are being held with IMF on external financing, operationalisation of tax policy rate, inflation and national accounts.
The IMF has reviewed Labour Force Survey, Family Budget Survey and reports while it also held important talks with Pakistani officials regarding power tariff and circular debt.
