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.
Pakistan Telecommunication Company Limited (PTCL) has achieved another significant milestone as PTCL Flash Fiber, the…
Meezan Bank, Pakistan’s leading Islamic bank and one of the country’s largest banks, has established…
Robert Wun, a 34-year-old Hong Kong-born designer, has risen from obscurity to become one of…
King Charles refers to Queen Camilla as his 'mehbooba,' an affectionate term he often uses…
The Sindh Employees' Social Security Institution (SESSI) governing body has approved a Rs2 billion endowment…
Andrew Mountbatten-Windsor, a prominent figure in the Epstein Files saga, is reportedly facing isolation from…
This website uses cookies.
