The bankrupt Pakistan has accepted the conditions of the IMF and has abolished about 1.5 lakh government jobs and closed half a dozen ministries. The government has taken these steps to reduce administrative expenses. Before making such an announcement, some conditions were laid down by the International Monetary Fund. After this, the government of Pakistan had to take these steps. Let us also tell you what kind of steps have been taken by the government of Pakistan to accept which conditions of the IMF.

These were the conditions of the IMF.

Pakistan, which is facing a cash crisis, has accepted the IMF's loan agreement of 7 billion US dollars on Sunday. Also, as per the conditions in this agreement, the government of Pakistan has abolished about 150,000 government posts. It has announced the closure of six ministries and two other ministries have been merged. On September 26, the IMF approved the aid package. Under this Pakistan has received more than one billion dollars of funds. In return for this fund, the IMF has put many conditions. These include a reduction in expenditure by Pakistan, an increase in the tax-to-GDP ratio, levying of tax on non-traditional sectors like agriculture and real estate, limiting subsidies, and transferring some financial responsibilities to the provinces. Many of these conditions have also been implemented.

Taxpayers have increased in Pakistan.

Addressing the media on his return from the US, Finance Minister Mohammad Aurangzeb said that a relief package has been finalized with the IMF, which will be the last package for Pakistan. The minister said that the size of ministries is being finalized. The decision to close 6 ministries will be implemented, while two ministries will be merged. He discussed in detail the increasing tax revenue and said that last year there were about 300,000 new taxpayers and this year so far 732,000 new taxpayers have registered, increasing the total number of taxpayers in the country from 1.6 million to 3.2 million.

Those who do not pay tax will not be able to buy a house.

Aurangzeb also said that the category of tax defaulters will be abolished and such people will not be able to buy property or vehicles. The minister claimed that the economy is moving in the right direction and the country's foreign exchange reserves have risen to their highest level. He highlighted the significant growth in both national exports and IT exports and said that investors' confidence regarding the strength of the economy is a major success. Aurangzeb said that the policy rate has been cut by 4.5 percent by the government after coming to power, and expressed hope that the exchange rate and policy rate will remain as expected.