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Federal Finance Minister Shaukat Tarin hinted at renegotiating deal with International Monetary Fund (IMF) and said the organization was being unfair with Pakistan, according to a report by a local media outlet.

Read: Pakistan needs $100 Billion to meet UN goals: IMF

The report claims that Tarin has said that IMF’s demand to raise electricity tariff is unreasonable and argued the hiking the tariff will only increase corruption in the country, adding that he is trying to convince IMF that the tariff hike is causing inflation.

The minister also warned that if GDP growth is not increased to at least 5 per cent, country will be facing serious crisis in next four years.

In an online meeting with Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Tarin appreciated budget proposal presented by the representative of traders and industrialists.

He was of the opinion that much needs to be done and the measures have to be radical and sustainable incremental changes in consultation with the business community.

Read: Rs 3,780 billion net revenue collected by FBR in 10 Months

Shaukat Tarin assured FPCCI that he would advise Federal Board of Revenue (FBR) to swiftly start a consultative process with FPCCI on reduced taxes for accelerated growth and enhanced tax revenue.

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