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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 ,

Pakistan will not be able to meet tax collection target in current fiscal year


Pakistan will not be able to meet tax collection target in current fiscal year
Pakistan
Photo: File.
Pakistan has told the International Monetary Fund (IMF) it will not be able to meet the tax collection target in the current fiscal year, adding that the government will enhance it to Rs6,000bn in the next fiscal year. 
The Pakistani government has assured the IMF it will either impose additional taxes worth Rs1,300-1,400 billion or increase the current tax rates, during the next fiscal year, to enhance revenue.
Pakistan also told the international money lender that its current tax collection targets will not increase beyond Rs4,600 billion. ....

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Pakistan tells IMF it will either add more taxes or increase tax rates in next fiscal year


Pakistan tells IMF it will either add more taxes or increase tax rates in next fiscal year
By
The logo of the International Monetary Fund. Photo: Fiile
Pakistan assures IMF it will set its tax collection target to Rs6,000 billion in next fiscal year.
Current fiscal year tax collection targets will not be met, says Pakistan.
IMF Mission Chief for Pakistan Ernesto Ramirez-Rigo said Pakistan will have to take concrete steps to increase its revenue. 
ISLAMABAD: The Pakistani government has assured the International Monetary Fund (IMF) that it will either impose additional taxes worth Rs1,300-1,400 billion or increase the current tax rates, during the next fiscal year, to enhance revenue.  ....

Ernesto Ramirez Rigo , International Monetary Fund , World Bank , Ministry Of Industries Production , International Monetary , Pakistan Ernesto Ramirez Rigo , State Bank , Finance Minister Hammad Azhar , அர்நெஸ்டோ ரெமிரெஸ் ரிகோ , சர்வதேச பண நிதி , உலகம் வங்கி , அமைச்சகம் ஆஃப் தொழில்கள் ப்ரொடக்ஶந் , சர்வதேச பண , பாக்கிஸ்தான் அர்நெஸ்டோ ரெமிரெஸ் ரிகோ , நிலை வங்கி , நிதி அமைச்சர் ஹம்மட் அஜார் ,

Pakistan may need to dampen economic growth hopes - IMF


By Reuters Staff
1 Min Read
ISLAMABAD, April 8 (Reuters) - Pakistan may have to temper its economic growth expectations following a third wave of COVID-19 infections, an IMF official said on Thursday.
The IMF had forecast 1.5% GDP growth for the current fiscal year 2020-21 but then felt it could be higher after good data in January and February, IMF Mission Chief for Pakistan Ernesto Ramirez Rigo told reporters.
“Now with this third wave, perhaps we might be in a situation where we need to dampen a bit our expectations relative to the upside to the forecast,” he said, adding that it was also becoming more necessary for Pakistan to adjust its annual budget. (Reporting by Gibran Peshimam; Editing by Andrew Cawthorne) ....

Ernesto Ramirez Rigo , Andrew Cawthorne , Gibran Peshimam , Thomson Reuters Trust Principles , Pakistan Ernesto Ramirez Rigo , Thomson Reuters Trust , அர்நெஸ்டோ ரெமிரெஸ் ரிகோ , ஆண்ட்ரூ காவ்தோர்ன் , ஜிப்ரான் பேஷீமம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , பாக்கிஸ்தான் அர்நெஸ்டோ ரெமிரெஸ் ரிகோ , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,