Pakistan economic growth projected at 3.25%: IMF
Directors emphasised that strong policy measures and deeper reforms are critical to addressing vulnerabilities, boosting sustainable growth, and reducing poverty," the report said.
To achieve the government's 2.012-13 deficit target, the IMF Executive Board in its assessment called for short-term revenue and expenditure efforts, including broadening key taxes and reducing subsidies, while protecting the most vulnerable.
"To strengthen the fiscal position in the long run and create space for capital and poverty-related spending, directors called for comprehensive revenue and expenditure reforms.
Fiscal consolidation should focus on changes in tax policy and improvements in compliance," the IMF said.
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