Govt is considering to convince IMF for promulgation of Ordinance in place of mini-budget approval from Parliament
IMF
Tarin said IMF questioned why Pakistan had distorted its tax system “They say, ‘you have imposed 17 and 10 percent sales tax on different sector and also gave zero-rated facility to others. Take your sales tax and give them targeted subsidies instead.”
Prime Minister said this is the 20th time Pakistan is seeking loan from IMF
The agreement is subject to approval by the Executive Board, following the implementation of prior actions, notably on fiscal and institutional reforms.
KARACHI: The State Bank expressed serious concerns on Thursday over speculation by banks in the currency business, saying they were…
“The reforms in personal income tax are among the demands of the IMF as currently, the country is under the Fund program,” says FBR chief.
Ashfaque Ahmed says he is not personally in favor of getting loans of $400 million from the World Bank (WB).
“We will be bringing soon reforms in Personal Income Tax and removing distortions in GST,” says FBR chairman.
Adviser to PM said that the IMF did not agree with the promulgation of the ordinance for withdrawal of tax exemptions and said the government would have to submit a tax exemption bill in order to fulfil the IMF’s conditions.
KARACHI: Advisor to the Prime Minister on Finance Shaukat Tarin on Sunday said the government would give the nation “good…