Federal Minister for Finance and Revenue Miftah Ismail has voiced hope that there will be a turnaround in the country’s economic situation soon as talks are underway with the International Monetary Fund (IMF).
In a tweet on Friday, the minister said that the country’s current account deficit during April came down to $623 million, less than half of the average for the first nine months of 2021-22.
“This is a very good sign for external stability,” he remarked.“With positive IMF talks underway, we expect a turnaround in the economic situation very soon,” he tweeted.
The minister thanked the foreign multinationals that operate in Pakistan and pay a large amount of taxes, provide employment and bring technology. Moreover, he requested them to present a plan to export out of Pakistan and offered to give them tax breaks for that.
“I am truly grateful to all the foreign multinationals that operate in Pakistan, pay a large amount of taxes, provide employment and bring in technology.
Published in The Express Tribune, May 21st, 2022.
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