October 11, 2024

IMF’s New Demand Set to Dissuade China Investments in Pakistan

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The International Monetary Fund asked Pakistan to stop setting up any industrial zone that offers incentives for investment, in a move that may undermine Islamabad’s efforts to attract more Chinese industries into the country.

The authorities will refrain from providing incentives such as tax breaks and subsidies to any new or existing special economic zones, the Washington-based lender said in its report released on Oct. 10. This will help provide a level playing field for investment, said the report.

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