#budget2023 #tax #pakistan

The Dollar-starved government has planned to generate $2 billion through the launch of Eurobonds in the upcoming budget 2023-24.

As the dollar inflow dried up after the International Monetary Fund (IMF) reluctance to oblige Pakistan, the budget makers are finding it hard to make ends meet.

However, the government hopes to generate more than $22bn through foreign loans and the Eurobond is a part of the strategy for the budget.

Despite failure to launch international bonds during the outgoing fiscal after IMF’s refusal to revive EFF (Extended Fund Facility), poor credit ratings given by global rating institutions and increased bond rates, the government once again plans to go for it.

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