Pakistan's budget talks with the International Monetary Fund have ended with the Fund agreeing in principle to consider roughly Rs60 billion in tax relief for the salaried class, sources told reporters in Islamabad.
Prime Minister Shehbaz Sharif raised public concerns over the disproportionate burden on wage earners with the IMF Managing Director and secured backing for several relief proposals in the upcoming budget.
Final approval is contingent on the government outlining matching revenue measures, including a possible reduction in the super tax on higher-income companies.
