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Pakistan's last-ditch effort for an IMF loan
Cash strapped Pakistan is still hopeful of an international monetary fund package. And in a last ditch effort to secure the loan, it is planning to introduce new taxes to appease the international fund. Pakistan plans to introduce new taxes and raise revenue by $750 million, just days before the new financial year begins on July 1. With the new tax proposals, Pakistan expects to secure at least 1.1 billion dollars in funding.
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