Pakistan | IMF
Pakistan Finance Minister Miftah Ismail says IMF unhappy with income tax move
Islamabad: Pakistan's Finance Minister Miftah Ismail has said that the International Monetary Fund (IMF) has expressed dissatisfaction over the country's budget, The News reported on Sunday.
Ismail said the reason for the IMFs unhappiness was the failure of the government to implement the Personal Income Tax (PIT) measures suggested by it.
Addressing the post-budget news conference, Ismail said there was no development on the IMF front at the moment while admitting that there was no other choice for the Pakistan government but to take more tough decisions.
He said further changes would be made in budgetary allocations after 15 days.
The government did not jack up the tax rate on monthly income salary earnings of Rs 100,000 per month but took measures to slap increased taxes on property and wealthy people.
The government also introduced a fixed tax scheme for retailers by offering them to pay Rs 3000 to 10,000 per month and the FBR would bring 2.5 million [2,500,000] retailers into the tax net.
(With UNI inputs)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
