In the final week of October, it’s anticipated that the second tranche of the International Monetary Fund (IMF) bailout will be considered.
“The Federal Board of Revenue and the IMF met online.” According to reports, officials have notified the IMF that Pakistan would not be implementing a new tax. According to reports, “The FBR has been confident to attain the tax recovery target without imposing a new tax.”
The global lender is happy with the FBR’s performance, insiders said. In the first week of October, the IMF will be updated on the nation’s economic performance.
“Taxation data of the first quarterly of the ongoing fiscal year, July to September, will likely be shared with the IMF in the next week,” sources said.
“A plan of crackdown against tax theft has also been shared with the IMF,” according to sources.
It is worth mentioning that the development budget is projected to be reduced by Rs 150 to Rs 200 billion as a result of IMF pressure.
It was revealed during a meeting between Dr. Shamshad Akhtar, Federal Minister of Finance, and provincial finance ministers.