Pakistan, May 19 -- ISLAMABAD - The second round of budget talks between Pakistan's economic team and the International Monetary Fund (IMF) has officially begun, with discussions focused on finalizing revenue and spending plans for the upcoming fiscal year. A key point of the talks includes potential income tax relief for salaried individuals.

According to sources, the government plans to negotiate a tax exemption for those earning between Rs1 million and Rs1.2 million annually. This proposal aims to ease the financial burden on the middle class and boost public support ahead of the new fiscal year.

The Pakistani delegation in the talks includes officials from the Ministry of Finance, the Federal Board of Revenue (FBR), the Planning Com...