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IMF asks Pakistan to tax the rich, subsidize the poor

ISLAMABAD, Pakistan – According to IMF Managing Director Kristalina Georgieva, the Fund wants Pakistan to take steps to be able to function as a country and avoid getting into a dangerous situation that requires debt restructuring.

“My heart goes out to Pakistanis. Floods have devastated them, affecting one-third of the country’s population,” she said in an interview with an international broadcaster on Sunday.