IMF experts reached Pakistan to increase tax net and assist in tax policy


FBR and IMF technical delegation to take steps for amendments in tax policy, amendments in tax policy aimed at widening tax net: Sources Photo file

A team of experts from the International Monetary Fund (IMF) reached Islamabad for talks with the Pakistani authorities.

According to the sources, the IMF team will meet the officials of the Ministry of Finance, the experts of the IMF will also meet the officials of the Federal Board of Revenue (FBR).


Sources say that IMF experts will consult to increase tax revenue and tax net, a delegation of technical experts will consult with Pakistani authorities on tax policy for about a week.


Sources say that the FBR and IMF technical delegation will take steps for amendments in the tax policy, the purpose of the amendments in the tax policy is to widen the tax net.


According to FBR sources, the purpose of expert consultation will be to collect more tax, the infrastructure of the scheme for retailers will also be created in collaboration with the technical delegation.


According to the sources, the number of taxpayers will be increased to 60 lakh by bringing 1 million more people into the tax net, amendments will be prepared in the tax policy along with the technical delegation, the tax amendments prepared will be implemented in the next budget.


Sources say that the technical delegation of the IMF will assist in improving the tax policy and enforcement, a team of IMF experts will stay in Pakistan for a week and the IMF team will review the current loan program and its Has nothing to do with the episode.