INSUBCONTINENT EXCLUSIVE:
WASHINGTON: The International Monetary Fund (IMF) on Friday said Pakistan needs to increase its tax revenue in order to fund development
amid reports of yawning budget deficit.In a press briefing, IMF Director Communications Gerry Rice said, &One of the key elements of the
program that the IMF is supporting in Pakistan, Pakistan program, is the need to mobilise domestic tax revenue to fund much needed social
and development spending while placing debt on a firm downward trend.&Rice further said this was something that was emphasised by acting
Managing Director David Lipton during his meeting with Prime Minister Imran Khan in July.The spokesman also confirmed an earlier report of
an IMF mission visiting Islamabad to hold talks on fiscal matters with the policymakers.&Let me add that we expect an IMF team to be in
Pakistan in the next few days, including our Director for that area, Jihad Azur will be there,& he added.TheIndianSubcontinent has not
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