AGL39.58▼ -0.42 (-0.01%)AIRLINK131.22▲ 2.16 (0.02%)BOP6.81▲ 0.06 (0.01%)CNERGY4.71▲ 0.22 (0.05%)DCL8.44▼ -0.11 (-0.01%)DFML41.47▲ 0.65 (0.02%)DGKC82.09▲ 1.13 (0.01%)FCCL33.1▲ 0.33 (0.01%)FFBL72.87▼ -1.56 (-0.02%)FFL12.26▲ 0.52 (0.04%)HUBC110.74▲ 1.16 (0.01%)HUMNL14.51▲ 0.76 (0.06%)KEL5.19▼ -0.12 (-0.02%)KOSM7.61▼ -0.11 (-0.01%)MLCF38.9▲ 0.3 (0.01%)NBP64.01▲ 0.5 (0.01%)OGDC192.82▼ -1.87 (-0.01%)PAEL25.68▼ -0.03 (0.00%)PIBTL7.34▼ -0.05 (-0.01%)PPL154.07▼ -1.38 (-0.01%)PRL25.83▲ 0.04 (0.00%)PTC17.81▲ 0.31 (0.02%)SEARL82.3▲ 3.65 (0.05%)TELE7.76▼ -0.1 (-0.01%)TOMCL33.46▼ -0.27 (-0.01%)TPLP8.49▲ 0.09 (0.01%)TREET16.62▲ 0.35 (0.02%)TRG57.4▼ -0.82 (-0.01%)UNITY27.51▲ 0.02 (0.00%)WTL1.37▼ -0.02 (-0.01%)

Tuesday, November 26, 2024

Home Top News Pakistan to collect highest-ever tax in FY2023-24: IMF

Pakistan to collect highest-ever tax in FY2023-24: IMF

by News desk
January 27, 2024
in Top News

[tta_listen_btn]

The International Monetary Fund has commended the Federal Board of Revenue’s performance for expanding Pakistan’s tax net.

The international lender hopes Pakistan will collect the highest-ever tax in FY2023-24 as the FBR is on the path to collect Rs9.4 trillion tax.

Furthermore, the IMF has forecast tax collection of Rs11.5 trillion in the next fiscal year 2024-25. The lender is hopeful that Pakistan will collect Rs4803 billion in direct taxes and Rs4114 billion on account of sales tax.