The International Monetary Fund (IMF) bailout’s second tranche is likely to be considered in the last week of October.
“The Federal Board of Revenue held an online meeting with the IMF.” According to reports, officials have notified the IMF that Pakistan would not impose a new tax. “The FBR has been confident to attain the tax recovery target without imposing a new tax,” sources stated.
The global lender is happy with the FBR’s performance, according to sources. “The IMF will be informed about the economic performance of the country in the first week of October”
According to sources, “taxation data of the first quarter of the current fiscal year, July to September, will probably be shared with the IMF in the next week.”
According to reports, “a crackdown plan against tax theft has also been shared with the IMF.”
It is important to note that pressure from the International Monetary Fund (IMF) is projected to result in a 150–200 billion rupee reduction in the development budget.
It was disclosed at a meeting between provincial finance ministers and federal finance minister Dr. Shamshad Akhtar.