revenue shortfall

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    IMF Loan at Risk: Pakistan Faces Revenue Collection Challenges

    New Delhi, April 8 – The shortfall in the Pakistani government's revenues has emerged as a major weakness in the IMF program.These revenues are the cornerstone of Pakistan's IMF loan agreements, focusing on aggressive tax expansion to meet revenue targets and secure funds. To align with the...
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    Tax Evasion in Tobacco Sector Impacts Pakistan's Finances

    New Delhi, April 7 – Large-scale tax evasion in Pakistan's tobacco sector, resulting in estimated annual losses of over Rs 300 billion, has emerged as a major concern amid the country's worsening fiscal stress, according to a local media report.The report by The Express Tribune highlighted...
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    GST Rationalization Threatens Karnataka’s Finances, CM Siddaramaiah Says

    Bengaluru, March 6 – Karnataka Chief Minister Siddaramaiah stated on Friday that the Central Government’s rationalization of Goods and Services Tax (GST) rates has negatively impacted the state’s revenue collection, leading to a significant shortfall in the current fiscal year.Presenting the...
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