IMF pushes sugar deregulation in Pakistan

Summary

• The International Monetary Fund (IMF) has called for deregulation of Pakistan’s sugar sector while also seeking an end to tax exemptions available to electric vehicles (EVs) under the country’s auto policy, according to sources familiar with the ongoing discussions.
• Talks between the IMF mission and various government departments are continuing as authorities work to finalise the required policy framework.
• The IMF mission is also seeking changes to the taxation framework for electric vehicles.

AI Generated Summary

The International Monetary Fund (IMF) has called for deregulation of Pakistan’s sugar sector while also seeking an end to tax exemptions available to electric vehicles (EVs) under the country’s auto policy, according to sources familiar with the ongoing discussions.

The latest demands have emerged as the government works on economic and financial policy measures linked to its commitments under the IMF programme. Talks between the IMF mission and various government departments are continuing as authorities work to finalise the required policy framework.