The federal government has chalked out an initial plan to secure a fresh International Monetary Fund programme.
While the exact details have not been finalished yet, the new programme is likely to span three or more years and will be worth around $6 billion to $8 billion, sources claimed.
The major reforms for securing the programme include bringing around 3.1 million retailers into the tax net to further expand the country’s tax framework. Moreover, reforms will also be introduced in the Federal Board of Revenue.
The government will prioritise collecting taxes from the real estate, and agriculture sector while sectors not included in the tax net will be documented for revenue collection.
