ISLAMABAD: According to Latest News on Monday, the International Monetary Fund (IMF) has requested regulations for crypto and other online trading. They highlighted the importance of including them in Pakistan’s tax system.
As the economic talks between Pakistan and the IMF near their end, sources said that they discussed the early details of the new loan program and the regulation of cryptocurrency and other types of online trading during the meeting.
Sources close to the development revealed that the IMF has demanded to regularize cryptocurrency and other online trading while urging to bring it under the tax net for additional revenue in the reserves.
Sources indicate that an agreement has been reached to limit the revolving credit in the power sector, with Pakistan committing not to let the revolving credit in the energy sector rise.
Reports suggest that Pakistan and the IMF have agreed to limit revolving credit in the power sector, with a commitment to prevent further increases in revolving credit within the energy sector.
