Macro Analysis /

Pakistan Strategy – IMF Program: Potential removal of sales tax exemptions

  • The government has reportedly committed to the IMF to remove all tax exemptions

  • Affected sectors can include Dairy, Pharma, Autos and Tractors

  • This will be inflationary but can increase taxes and moderate CAD in the interim

Saad Ali
Saad Ali

Head of Research

IMS Research Team
Intermarket Securities
25 November 2021