IMF has asked Pakistan to impose further taxes of Rs440 billion, claims Tarin.

ISLAMABAD -- Former finance minister Shaukat Tarin said Thursday the International Monetary Fund (IMF) has asked the Pakistani government to impose further taxes of Rs440 billion.

'The actual budget will be unveiled now,' the ex-finance minister told the Senate after the money lender and Pakistan reached a 'broad agreement' on the budgetary and fiscal measures for the next fiscal year (FY) 2022-23.

The PTI leader, speaking on the floor of the Senate, said the Upper House of the Parliament is fulfilling formalities by debating the budget as the 'actual budget' will be presented in the National Assembly - after it is tuned in line with the IMF's demands.

The statement came hours after Finance Minister Miftah Ismail revealed in a press conference that the coalition government had imposed taxes on the rich in the budget for the next FY23.

Miftah said another 1% supertax...