Prime Minister Shehbaz Sharif expressed optimism that the recent agreement with the International Monetary Fund (IMF) will be the last one Pakistan will need. During a visit to the Federal Board of Revenue head office in Islamabad, he shared his hopes for the future and discussed the progress of digitization within the department.
Pakistan recently secured a substantial $7 billion loan from the IMF, which aims to stabilize the nation’s economy. This financial assistance is part of a 37-month Extended Fund Facility arrangement, designed to help Pakistan achieve economic stability and growth.
Prime Minister Sharif emphasized the importance of this deal in supporting Pakistan’s financial recovery. He highlighted that the government’s efforts to improve tax collection and increase revenues are crucial steps towards achieving self-sufficiency and reducing reliance on external financial aid.
The Prime Minister’s visit also focused on the advancements in digitizing the Federal Board of Revenue. He praised the ongoing efforts to modernize the tax system, which are expected to enhance efficiency, reduce corruption, and improve overall tax collection.
This new IMF deal is seen as a vital step in stabilizing Pakistan’s economy, but the government is determined to implement necessary reforms to ensure that it will be the last time the country needs such extensive financial assistance. By focusing on economic reforms and modernization, Pakistan aims to build a more resilient and self-reliant economy for the future.
