IMF demands Pakistan to tax cryptocurrency investments in exchange for $3 billion bailout funds
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Axelar launches open-source framework AgentFlux, bringing AI agents on-chain and mitigating cloud risks
Solana ecosystem DeFi protocol Drift launches v3 version, trading speed increases by 10 times
Russia’s second largest bank VTB recommends allocating 7% of assets to bitcoin and cryptocurrencies
WisdomTree launches the first fully staked Ethereum ETP backed by stETH
Trending news
MoreCrypto prices
More
