IMF demands Pakistan to tax cryptocurrency investments in exchange for $3 billion bailout funds
2024/03/18 09:27
According to Foresight News, the International Monetary Fund (IMF) has requested the Federal Board of Revenue (FBR) in Pakistan to levy Capital Gains Tax (CGT) on cryptocurrency investments as one of the requirements to qualify for a $3 billion aid package. The $3 billion assistance provided by IMF aims to stabilize Pakistan's hyperinflated economy and prevent it from defaulting on its debts. If Pakistan agrees to these conditions, IMF will disburse around $1.1 billion.
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