“ The Chinese institute of banks has moment inked the RMB 15 billion( 23 billion) loan installation agreement after it was inked by the Pakistani side history. flux is anticipated within a couple of days. We thank the Chinese government for easing this sale, ” he wrote on his sanctioned Twitter handle. The Chinese institute of banks has moment inked the RMB 15 billion( 23 billion) loan installation agreement after it was inked by the Pakistani side history. flux is anticipated within a couple of days. We thank the Chinese government for easing this sale. — Miftah Ismail(@MiftahIsmail) June 22, 2022 Another good news for the nation is anticipated by the end of current week as the Pakistan government is reportedly close to an agreement with the International Monetary Fund( IMF). Talking to intelligencers on Tuesday, the finance minister had said that all budget related issues had been settled with the IMF. The sources said that Pakistan and the IMF had reached an understanding on Tuesday night on the civil budget 2022- 23 paving way for reanimation of the extended fund installation after the authorities committed to induce fresh levies in the forthcoming financial time. According to the sources, the understanding was reached during a meeting, held via videotape link, between the Pakistani profitable platoon and the IMF staff charge, led by Finance Minister Miftah Ismail. The ‘ broad agreement ’ with the IMF on the coming time’s budget that has seen its size increased to Rs9.9 trillion was blazoned last night as the government agreed to introduce duty on people earning up to Rs100,000 and petroleum tax from July 1. The two sided have decided to gradationally put Rs50 per litre petroleum tax – the first tranche of Rs10 per litre from July and also Rs5 per litre from August onwards until it reaches the maximum threshold of Rs50 per litre by March 2023.
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