The International Monetary Fund (IMF) has asked Pakistan authorities to present a mini-budget as the country recorded a revenue shortfall of Rs385 billion from July to December 2024.
As per details, the IMF has recommended introducing a mini-budget to bridge the gap. However, sources report that the Prime Minister has rejected this proposal, instructing the Federal Board of Revenue (FBR) to address the shortfall through alternative measures.
The FBR has already shared a comprehensive alternative plan with the IMF, aiming to enhance revenue collection without burdening the public with new taxes, the sources said.
According to the plan, immediate clearance of containers and shipments stuck at ports will be prioritized to boost tax and duty revenues. Additionally, confiscated smuggled goods will be auctioned promptly under emergency measures to generate further income.