Pakistan likely to hike taxes before crucial IMF loan


Pakistan Finance Minister Muhammad Aurangzeb. — AFP

Islamabad: Pakistan’s government is set to unveil its budget this week, with Finance Minister Muhammad Aurangzeb likely under pressure to hike taxes and boost revenue in order to bolster the chances of clinching a new International Monetary Fund (IMF) loan.

Aurangzeb will present the country’s first post-election budget and his first since being appointed to the position in March.

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