16 June, 2021: The Imran Khan government of Pakistan has accepted all the conditions of the International Monetary Fund. The opposition parties of this country have started a ruckus. But on Thursday, the Pakistan government has passed the controversial supplementary financial bill from Parliament.
The International Monetary Fund had demanded Pakistan to pass two bills. These two bills are also collectively called mini budget. The first bill pertains to financial measures of $360. Under this, sales tax will increase in many areas. While exemption in income tax has been increased. Under the second bill, the Bank of Pakistan has been completely freed from government control.
Economic experts believe that the mini budget will increase inflation in the country. At the same time, the government has faced a lot of problems in passing this bill. Now it has to be seen whether mini budget is a curse or a boon for the people of Pakistan.
- Vikas Dhar Dwivedi
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