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ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to share a revenue projection plan of Rs 6.66 trillion, equivalent to 46% of the Federal budget.
Pakistan was visited on Wednesday night by an IMF assessment team to assess the nation’s economic performance in the first three months of the current fiscal year, which runs from July to September.
The lender has requested a copy of the projection report’s tax collection report for each sector.
Sources said that the IMF during the review meeting directed Federal Board of Revenue (FBR) officials to furnish a monthly collection plan of the remaining 6.667 trillion revenue during the current fiscal year.
The FBR has collected Rs 2.75 trillion from July to October this year and it needs Rs 6.66 trillion to achieve Rs 9.415 trillion yearly revenue target.
Sources said that the mission team has directed the FBR officials to present all sectors’ projection reports showing how much tax FBR is collecting from every sector.
Reportedly, the FBR team during the meeting also shared the plan of including 1 million new taxpayers in the tax net, with the IMF.
