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IMF reiterates hike in taxes, tariff

IMF reiterates hike in taxes, tariff Official outlines enhancing revenue, ending quasi-fiscal operations as objectives Sanchez said that the economy was doing well and growth would probably be closer to what Pakistani authorities had an-nounced. PHOTO: FILE ISLAMABAD: Unmoved by increasing calls to review its “harsh” conditions, the International Monetary Fund (IMF) on Monday urged Pakistan to implement tax and energy reforms aimed at bringing down a very high public debt and making power sector financially viable. The IMF programme objectives continue to be part of the agenda that has to be addressed during the programme implementation, said IMF Resident Representative Teresa Daban Sanchez on Monday.

IT member Asim made new FBR chairman - Newspaper

Asim Ahmad is the fifth FBR chairman appointed during the two-and-a-half-year tenure of the PTI-led government. Photo courtesy: FBR website ISLAMABAD: The government has appointed a senior officer of Inland Revenue Service Asim Ahmad as new chairman of the Federal Board of Revenue (FBR) with a clear direction to broaden the narrow tax base and facilitation of taxpayers through automation. The notification was issued on Friday after the cabinet approved his appointment as the chairman. Through another notification, the federal government also gave additional charge of the revenue division secretary to him. Mr Ahmad is the fifth FBR chairman appointed during the two-and-a-half-year tenure of the PTI-led government. The post fell vacant on April 9 when Javed Ghani, a grade-22 officer of the customs group, reached superannuation.

Govt planning to import 50,000 tonnes of sugar - Newspaper

The government is considering floating an international tender for import of 50,000 tonnes of the sweetener to maintain its price within the official retail rate. Reuters/File ISLAMABAD: With falling sugar prices in the world market, the government is considering floating an international tender for import of 50,000 tonnes of the sweetener to maintain its price within the official retail rate. A meeting of the National Price Monitoring Committee (NPMC) presided over by Minister for Finance, Revenue and Industries Hammad Azhar on Monday discussed the proposal. Last week, the federal cabinet reversed a decision of the Economic Coordination Committee to allow the import of 0.5 million tonnes of white sugar from India via land route. The import of sugar through the land route is cheaper than via sea.

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