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Whopping Rs1.27tr hike in taxes committed with IMF - Newspaper


Pakistan has made a commitment with the International Monetary Fund (IMF) to increase FBR taxes by a massive Rs1.272 trillion (almost 2.8 per cent of GDP) in the coming budget. AFP/File
ISLAMABAD: Pakistan has made a commitment with the International Monetary Fund (IMF) to increase FBR taxes by a massive Rs1.272 trillion (almost 2.8 per cent of GDP) in the coming budget and jack up electricity rates by almost Rs4.97 per unit in the remaining three months of the current fiscal year.
According to documents released by the IMF after approval by its executive board of directors of the modified extended fund facility (EFF), the government has also given an undertaking to continue making electricity tariff adjustments next year on monthly, quarterly and annual basis through “automaticity” of regulator Nepra’s amended powers. ....

Ernesto Ramirez Rigo , Kamran Ali Afzal , Imran Khan , National Assembly Standing Committee On Finance , International Monetary Fund , Federal Board , Finance Secretary Kamran Ali Afzal , National Assembly , Standing Committee , Pakistan Ernesto Ramirez Rigo , Prime Minister Imran Khan , Finance Minister Hammad Azhar , Fifth Schedule , Eight Schedule , Sixth Schedule , Ninth Schedule , அர்நெஸ்டோ ரெமிரெஸ் ரிகோ , இம்ரான் காந் , தேசிய சட்டசபை நின்று குழு ஆன் நிதி , சர்வதேச பண நிதி , கூட்டாட்சியின் பலகை , தேசிய சட்டசபை , நின்று குழு , பாக்கிஸ்தான் அர்நெஸ்டோ ரெமிரெஸ் ரிகோ , ப்ரைம் அமைச்சர் இம்ரான் காந் , நிதி அமைச்சர் ஹம்மட் அஜார் ,

IMF projects FBR's target at Rs6tr


IMF projects FBR’s target at Rs6tr
Report says govt will achieve target by raising taxes, withdrawing exemptions
ATL 2021 has replaced ATL 2020 that carried names of 3.12 million individuals and companies. A comparison of both lists showed that over 932,000 names were missing from the new list.. PHOTO: FILE
The Federal Board of Revenue’s (FBR) tax collection target for next fiscal year is projected to be nearly Rs6 trillion that the government will try to achieve by increasing rates of income and sales tax and withdrawing exemptions, confirms a new International Monetary Fund (IMF) report.
The tax burden of salaried class will mount and the cost of consumer goods will also go up due to withdrawal of sales tax exemptions with effect from July. ....

Ernesto Rigo , International Monetary Fund , Federal Board , Pakistan Tehreeke Insaf , Pakistan Ernesto Rigo , Financial Policies , Eight Schedule , Sixth Schedule , Ninth Schedule , அர்நெஸ்டோ ரிகோ , சர்வதேச பண நிதி , கூட்டாட்சியின் பலகை , பாக்கிஸ்தான் அர்நெஸ்டோ ரிகோ , நிதி பாலிஸீஸ் , எட்டு அட்டவணை , ஆறாவது அட்டவணை , ஒன்பதாவது அட்டவணை ,