IMF chief wants Pakistan to tax the rich not poor

The International Monetary Fund (IMF) wants Pakistan to provide subsidies only to the people who need them, saying that the resources should be diverted from the rich and wealthy towards the poor segments of society.

The comments came from the Fund’s Managing Director Kristalina Georgieva while speaking in an interview with an international broadcaster on Sunday.

Georgieva said that the global lender asks Pakistan to take steps to be able to function as a country and not to get into a dangerous place where it needs debt restructuring.

“My heart goes to the people of Pakistan. They have been devastated by the floods that affected one-third of the population of the country,” said the managing director.

Courtesy Geo News