The International Monetary Fund (IMF) on Monday asked cash-strapped Pakistan to start acting as a single country and ensure that the rich pay taxes and only the poor get subsidies. Pakistan is on the verge of default.
In an interview with German state broadcaster Deutsche Welle, IMF chief Kristalina Georgieva said Pakistan needed to take tough measures to avoid slipping into a dangerous place.
“It should not be that subsidies benefit the rich. It should be the poor [who] Take advantage of them,” Dawn quoted the IMF chief as saying.
He said, “What we are demanding are the steps that Pakistan needs to take in order to be able to function as a country and not get into a dangerous situation where its debt needs to be restructured.” Is.”
“I want to emphasize that we’re pushing for two things. Number one: tax revenue. Those who can, who are making good money [in the] The public or private sector needs to contribute to the economy,” he said.
“Secondly, fair distribution of pressures by taking the subsidy only towards those who really need it. It should not be that the subsidy benefits the rich,” she said.
Earlier, Pakistan’s Defense Minister Khawaja Asif said that Pakistan is already bankrupt and IMF bailout is not the solution to its problems.
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