Pakistan Cuts Expenditures, Expands Tax Base in IMF-backed Reforms
Edited By WION Video Desk
Published: Sep 30, 2024, 06:05 IST | Updated: Sep 30, 2024, 06:05 IST
Pakistan is implementing sweeping reforms to cut costs and meet the terms of a $7 billion loan deal with the international monetary fund. The government announced plans to cut 150,000 government jobs, close six ministries, and merge two others. These measures are part of an agreement with the IMF to reduce administrative expenditures, increase the tax-to-GDP ratio, and formalise the economy.
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