Islamabad, March 12 -- The International Monetary Fund (IMF) has turned down Pakistan's request for tax exemptions on foreign investment projects, as reported by the Express Tribune.

The Special Investment Facilitation Council (SIFC) proposed these exemptions during a detailed briefing to an IMF delegation, arguing that such tax relief could boost foreign investment. However, the IMF maintained its stance on fiscal discipline and turned down the request, the Express Tribune reported.

According to the Express Tribune, the briefing included presentations on investment opportunities, governance frameworks, and infrastructure development plans. One of the key highlights was a proposed railway project connecting Chagai to Gwadar, which aims ...