IMF Urges Govt to Remove Tax Breaks for Agriculture, Textile Sectors

The IMF has urged Pakistan to end tax breaks and special protections for the agriculture and textile sectors, claiming these policies hinder growth. In a recent report, the IMF highlighted that these sectors consume substantial public funds but contribute little to national revenue, remaining inefficient. As part of a $7 billion program, the IMF advised Pakistan to abandon outdated economic practices to avoid frequent economic crises. The report also noted Pakistan’s export focus on agriculture and textiles limits growth, preventing a shift to more advanced products and technologies.

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