IMF calls for investment in human capital

The IMF has urged Pakistan to reshape taxation so the state can fund skills, infrastructure and investment, The Express Tribune reported on Thursday. Speaking at a development conference, Pakistan representative Dr Mahir Binici said reforms should now turn recent stabilisation into stronger economic activity, exports, jobs and better living standards.

Binici said revenue should reach about 15% of GDP in emerging economies, while noting Pakistan remains short of that benchmark. He also called for fiscal discipline, economic resilience and improvements in public governance, tariffs and business costs, while crediting Pakistan with maintaining stability through climate and geopolitical disruptions. He argued that a simpler and more predictable tax framework could support sustainable growth.