Pakistan will receive $3.4 billion in budgetary support from the Asian Development Bank (ABD), the de facto finance minister said on Saturday, as the government seeks help to overcome a ballooning balance of payments crisis.

Pakistan says to get $3.4 billion in budgetary aid from Asian Development Bank

Pakistan on Wednesday said the government was ready to tax rich people more, insisting that in other countries the upper class pay higher taxes. Addressing a press conference a day after the government announced the budget, Adviser to the Prime Minister on Finance Hafeez Shaikh said that the average tax rate of Pakistan is 11-12 per cent, which is "one of the lowest in the world.

Pakistan's rich people could pay more tax

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Pakistan says to get $3.4 billion in budgetary aid from Asian Development Bank

Pakistan's rich people could pay more tax