World Bank’s new guidelines for Pakistan economic reforms. The World Bank issued new guidelines to Pakistan regarding economic reforms.
The World Bank has asked Pakistan to increase the federal excise duty on cigarettes and tax agriculture.
The instructions said that Pakistan should reform the property sector and income tax collection.
The World Bank’s guidelines for economic reforms said that exemptions on import duties on various goods should be reduced. While subsidies in the energy sector should be reduced.
According to the World Bank declaration, the involvement of the private sector is important to improve the government institutions of Pakistan, development expenditure is low and non-development expenditure is high in Pakistan.
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According to the report, in one year, 12.5 million more people fell into poverty in Pakistan.