{"id":104500,"date":"2023-06-26T10:43:52","date_gmt":"2023-06-26T05:13:52","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104500"},"modified":"2023-06-26T10:43:53","modified_gmt":"2023-06-26T05:13:53","slug":"cash-strapped-pakistans-parliament-approves-rs-14-48-trillion-budget-for-2023-24","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cash-strapped-pakistans-parliament-approves-rs-14-48-trillion-budget-for-2023-24\/","title":{"rendered":"Cash-strapped Pakistan&#8217;s Parliament approves Rs 14.48 trillion budget for 2023-24"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4131585575\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Pakistan&#8217;s Parliament on Sunday approved the Rs 14.48 trillion budget for 2023-24 after new taxes were added to it as dictated by the IMF as a condition to release the remaining portion of an already agreed bailout package for the cash-strapped country.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3373942274\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The budget aiming to achieve 3.5 per cent GDP growth was unveiled on June 9.<\/p><p>It aimed to collect Rs 9,200 billion in taxes but the target was hiked by Rs 215 billion at the behest of the International Monetary Fund (IMF) to make it Rs 9,415 billion.<\/p><p>The government also agreed with the IMF&#8217;s demand to cut its spending by Rs 85 billion.<\/p><div class=\"trade-content_5\" id=\"trade-420075693\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In his speech to sum up the debate on the budget, Finance Minister Ishaq Dar said that changes have been made in the budget after marathon three-day talks with the Washington-based global lender.<\/p><p>Prime Minister Shehbaz Sharif met IMF Managing Director Kristalina Georgieva on the sidelines of the Global Financing Summit in Paris two days ago and urged to release the loan. The IMF chief is reported to have asked Sharif to resolve policy differences at the global lender&#8217;s staff level prior to getting a much-needed loan to stabilise the country&#8217;s economy.<\/p><p>A USD 6.5 billion bailout package agreed in 2019 is expiring on June 30 and Pakistan is scrambling to get USD 1.1 billion out of unpaid funding.<\/p><p>It is feared that Pakistan might default on external financing commitments without the active support of the IMF.<\/p><p>Pakistan\u2019s economy has been in a free fall mode for the last many years, bringing untold pressure on the poor masses in the form of unchecked inflation, making it almost impossible for a vast number of people to make ends meet.<\/p><div class=\"trade-after-content\" id=\"trade-3991450951\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Pakistan&#8217;s Parliament on Sunday approved the Rs 14.48 trillion budget for 2023-24 after new taxes were added to it as dictated by the IMF as a condition to release the remaining portion of an already agreed bailout package for the cash-strapped country. The budget aiming to achieve 3.5 per cent GDP growth was unveiled on [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":97627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-104500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cash-strapped Pakistan&#039;s Parliament approves Rs 14.48 trillion budget for 2023-24 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Pakistan&#039;s Parliament on Sunday approved the Rs 14.48 trillion budget for 2023-24 after new taxes were added to it as dictated by the IMF as a condition to release the remaining portion of an already agreed bailout package for the cash-strapped country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/cash-strapped-pakistans-parliament-approves-rs-14-48-trillion-budget-for-2023-24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cash-strapped Pakistan&#039;s Parliament approves Rs 14.48 trillion budget for 2023-24\" \/>\n<meta property=\"og:description\" content=\"Pakistan&#039;s Parliament on Sunday approved the Rs 14.48 trillion budget for 2023-24 after new taxes were added to it as dictated by the IMF as a condition to release the remaining portion of an already agreed bailout package for the cash-strapped country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/cash-strapped-pakistans-parliament-approves-rs-14-48-trillion-budget-for-2023-24\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-26T05:13:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-26T05:13:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/pakistan-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/pakistan-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/cash-strapped-pakistans-parliament-approves-rs-14-48-trillion-budget-for-2023-24\/\",\"url\":\"https:\/\/tradebrains.in\/features\/cash-strapped-pakistans-parliament-approves-rs-14-48-trillion-budget-for-2023-24\/\",\"name\":\"Cash-strapped Pakistan's Parliament approves Rs 14.48 trillion budget for 2023-24 - 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