ISLAMABAD: The government has reached an agreement with the International Monetary Fund (IMF) to reduce Pakistan’s tax collection target by Rs150 billion, official sources confirmed on Thursday. According to Federal Board of Revenue (FBR) officials, the target has been revised down from Rs14.131 trillion to Rs13.981 trillion for the current fiscal year. The IMF, however, has […]
macroeconomic framework
Pakistan Revises Budgetary Targets Following Devastating Flash Floods
ISLAMABAD – In the aftermath of the recent flash floods, Pakistan and the International Monetary Fund (IMF) are preparing to adjust the country’s budgetary and macroeconomic targets for the current fiscal year, according to The News. Initial assessments had suggested that the floods might not result in major economic losses, but the Rapid Need Assessment […]