IMF chief wants Pakistan to increase tax revenue from rich, protect vulnerable

In this handout photo, taken and released by the Prime Minister's Office on September 20, 2023, Caretaker Prime Minister Anwaar-ul-Haq Kakar (2nd right) speaks to the International Monetary Fund Managing Director, Kristalina Georgieva (left), at the United Nations Headquarters in New York on the sidelines of the 78th UNGA Summit. (Photo courtesy: PMO)
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Updated 22 September 2023
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IMF chief wants Pakistan to increase tax revenue from rich, protect vulnerable

  • The poor segments have been suffering due to high inflation which the government has attributed to IMF reforms
  • Kristalina Georgieva says economic reforms are not easy to implement but they are in the interest of Pakistani people

ISLAMABAD: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday her organization had been consistently communicating the need for Pakistani authorities to generate more tax revenue from wealthier social segments while protecting the underprivileged classes in the country.

The top IMF official made the comment during a brief interaction with a Pakistani reporter on the sidelines of the 78th United Nations General Assembly session in New York.

Her statement comes against the backdrop of spiraling inflation in Pakistan which has primarily affected the poor. The government has consistently attributed the increasing cost of living in the country to stringent economic reforms recommended by the international lender while approving a $3 billion bailout in June.

“Let me send a simple message to everybody in Pakistan,” she said while speaking to Geo News correspondent. “What we are asking in our program is please collect more taxes from the wealthy and please protect the poor people of Pakistan.”

“I do believe that this is in line with what people in Pakistan would like to see for the country,” she added.

The IMF chief acknowledged the conditions laid down by her organization to revitalize Pakistan’s economy and address the mistakes of the past were not easy to implement.

However, she maintained they were in the interest of the people of Pakistan.

Georgieva statement comes following her meeting with Prime Minister Anwaar-ul-Haq Kakar on Tuesday in which she was briefed on measures taken by the country’s interim administration to stabilize the economy.

The IMF asked Pakistan to raise energy prices and following market-driven exchange rate which made the CPI hit a record 38 percent this year and the national currency plummet to all-time lows.

Kakar said he had a “constructive dialogue” with the IMF chief who, in turn, said there was an agreement to follow policies to ensure stability and foster sustainable and inclusive growth in Pakistan.


Pakistan’s northwestern province warns of road closures as rain, snow forecast

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Pakistan’s northwestern province warns of road closures as rain, snow forecast

  • Khyber Pakhtunkhwa says road closures possible in Naran, Kaghan, Kalam and Chitral
  • Provincial authorities urge rescue services and relevant departments to stay on alert

PESHAWAR: Pakistan’s northwestern Khyber Pakhtunkhwa province warned on Saturday roads leading to some of its most popular tourist destinations could be closed due to rain and snowfall, urging authorities and travelers to remain alert as adverse weather conditions intensify.

The alert comes as Pakistan’s northern and northwestern regions continue to experience cold weather, with intermittent spells of rain and snowfall disrupting daily life and increasing the risk of landslides and road blockages.

Last month, an avalanche struck a house in the province’s Chitral district, killing at least nine people and injuring a child.

“Khyber Pakhtunkhwa is likely to receive rain with thunder from tomorrow night until Tuesday, while snowfall is expected in mountainous areas,” the Provincial Disaster Management Authority (PDMA) said in a statement.

“In view of the prevailing weather conditions, the PDMA has directed all district administrations and relevant institutions to remain alert and take precautionary measures,” it added.

The PDMA said rain and snowfall could lead to road closures and slippery conditions in upper areas including Naran, Kaghan, Kalam and Chitral, advising tourists to avoid unnecessary travel and exercise caution.

It said rain is also expected in several areas of the province, including Peshawar, Mardan, Swabi, Nowshera, Charsadda, Bajaur, Mohmand, Khyber, Orakzai, Kurram, Kohat, Hangu, Karak, Bannu, North and South Waziristan, Lakki Marwat, Tank and Dera Ismail Khan.

The authority added that district administrations, rescue services and other relevant departments have been placed on high alert, while residents were advised to remain in safe locations during storms, snowfall and strong winds.