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The International Monetary Fund (IMF) has asked for an improved tax collection plan before the second review of the $3 billion Stand-By-Arrangement (SBA), it emerged on Friday.
The IMF is pushing Pakistan for better tax collection from property and agriculture sectors after increasing the ratio of tax, ARY News reported on Friday citing sources.
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According to the report, the next administration will decide whether to tax the real estate and agricultural industries, and if the Federal Board of Revenue (FBR) approves the IMF proposal, a mini-budget is likely to be implemented.
The International Monetary Fund (IMF) is also putting pressure on provinces to become more “active” in order to increase agricultural sector tax revenue.
Pakistan on Thursday received the first tranche of $1.2 billion from the International Monetary Fund under the SBA program.
Dar said the remaining $1.8 would be released after two reviews, meaning that there would be two instalments.
