The caretaker government will not impose “any new taxes” as the officials have convinced International Monetary Fund mission, visiting Pakistan, to review the country’s economic performance.
Pakistan is operating under a caretaker government after an IMF loan programme, approved in July, helped avert a sovereign debt default.
Under the $3 billion standby arrangement, Pakistan received $1.2 billion from the IMF as the first tranche in July. Last week, an IMF mission kicked off its review for the second loan tranche, which is expected to continue till Dec 15. A successful review would unlock $710m for the country in December.
A major breakthrough in talks between Federal Bureau of Revenue and IMF review mission has been achieved. The caretaker government has convinced International Monetary Fund that it will not impose “any new taxes” on already-burden people of Pakistan, they claimed
Informed sources claimed that IMF had agreed on maintain the tax target at Rs9,415 billion. During the meeting, sources said, the revenue board presented a written plan for achieving the tax target while assuring to achieve it.
