The International Monetary Fund (IMF) has lauded the Federal Board of Revenue (FBR) for its efforts in broadening Pakistan’s tax base.
The IMF anticipates that Pakistan will achieve its highest-ever tax collection in the fiscal year 2023-24, with the FBR on track to gather Rs9.4 trillion in taxes.
Moreover, the IMF has projected tax revenues to reach Rs11.5 trillion in the following fiscal year, 2024-25. The organization is optimistic about Pakistan’s ability to collect Rs4803 billion in direct taxes and Rs4114 billion from sales tax.
In a separate development on Thursday, the IMF commended the policies of Pakistan’s caretaker government for promoting economic stability.
The IMF acknowledged the interim government’s efforts in maintaining economic stability, highlighting its decisive policy-making in this regard. The interim setup is expected to remain in power until the general elections in Pakistan scheduled for February 8.
inDrive, a global mobility and urban services platform, has joined hands with Essa Labs to…
tapmad Entertainment has cemented its position as a pioneer in Pakistan’s digital entertainment space, not…
Airblue, one of the country’s leading private airlines, has announced a 14% discount on selected…
The Pakistan eCommerce Association (PEA) has urged the government to reduce the tax burden on…
From highlighting the need for affordable smartphones and universal internet to pushing for a cashless,…
Kaspersky research findings show that 42% of children surveyed from the Middle East, Turkiye and…
This website uses cookies.
