Morning News: IMF rejects India’s request on Pakistan loans - By WE Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The International Monetary Fund (IMF) has declined India&rsquo;s request to reconsider Pakistan&rsquo;s loan arrangements, with IMF representative Mahir Binici confirming that the Executive Board is scheduled to meet on May 9 to review Pakistan&rsquo;s current loan program and also consider a proposed new climate financing initiative.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Pakistani government is tentatively setting an ambitious tax revenue target of Rs14.3 trillion for fiscal year 2025-26, up by Rs2 trillion from the current year&rsquo;s downward-revised Rs12.3 trillion target. This new target, representing 11% of projected GDP, may require Rs500 billion in fresh tax measures in additi...