Pakistan unveils budget targeting 5% economic growth

Islamabad looks to raise taxes on rich, seeking IMF bailout

20220610N Pakistan

Supporters of the Pakistan Tehreek-e-Insaf (PTI) political party protest against the fuel price hike in Karachi on June 3. © Reuters

ISLAMABAD (Reuters) -- Pakistani Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit and secure International Monetary Fund bailout money.

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