IMF team, Pakistan to discuss mini-budget for additional taxes

Author:

An International Monetary Fund (IMF) delegation is set to arrive in Pakistan today, with formal talks commencing tomorrow. The government is gearing up to present an overview of the country’s economic performance for the first quarter of the current fiscal year. According to Finance Ministry sources, the IMF team will remain in Pakistan until November 15.

Sources indicate that the government is preparing for negotiations with the IMF, which could include outlining a potential mini-budget. During the visit, the IMF delegation will receive updates on tax revenue performance, business-friendly initiatives, and reforms in the energy sector. Discussions are also expected to touch on features of a possible mini-budget aimed at achieving the annual tax target.

The IMF will also be briefed on progress towards implementing an agricultural income tax at the provincial level, though sources suggest that provincial governments have missed the October deadline for enacting the legislation.

Share
Leave a Comment

Recent Posts

  • Pakistan

Internet and mobile services to be suspended ahead of PTI protest

The federal government is reportedly planning a partial suspension of internet and mobile phone services…

4 hours ago
  • Business

Diamond Paints Honored at Corporate Philanthropy Awards 2024

Islamabad, November 19, 2024 – Diamond Paints, Pakistan’s No.1 paint brand, proudly received two prestigious…

4 hours ago
  • Cartoons

TODAY’S CARTOON

6 hours ago
  • Editorial

Battles and Bottlenecks

On Tuesday, in a high-level huddle, the government announced a comprehensive and result-oriented military operation…

6 hours ago
  • Editorial

Economy and Equity

The economy is showing signs of improvement due to government initiatives and measures taken to…

6 hours ago
  • Op-Ed

Pakistan Climate Change and COP29

Climate change is one of the most significant environmental challenges facing the world. Greenhouse gas…

6 hours ago