Islamabad: The International Monetary Fund has recommended the government to increase electricity and gas tariffs and impose 18 percent GST on petroleum.
According to sources, the talks between Pakistan and the IMF on the new loan program are likely to end today and the IMF mission may leave tonight without a staff-level agreement, so before the staff-level agreement, Pakistan has to meet several preconditions. Must act.
A new bailout package with the IMF is likely to be negotiated again after the new budget. The budget for the new financial year will have to be presented as per IMF conditions.
The government has started considering a carbon levy instead of GST on petroleum next year, while the implementation of new taxes, increase in electricity and gas tariffs and reforms in the energy sector are among the conditions.
The government is already collecting 60 rupees per liter petroleum levy on petroleum products, it is estimated to get 1 thousand 80 billion rupees from petroleum levy in the next fiscal year, while in the next two years, 2295 billion rupees are expected to be generated from petroleum levy. . This will increase the revenue from petroleum levy to Rs 1,215 billion next year.
