June 28, 2024 1:50 PM

Pakistan passes tax-laden budget ahead of talks on fresh IMF loan

Pakistan's parliament on Friday passed the government's tax- heavy finance bill for the coming fiscal year ahead of more talks on a new IMF bailout as it seeks to avert a debt default for an economy growing at the slowest pace in South Asia. The government presented the tax-loaded budget two weeks ago, drawing sharp criticism from opposition parties. Finance Minister Muhammad Aurangzeb moved the finance bill in parliament, which was endorsed by the ruling alliance led by Prime Minster Shehbaz ...