The government has agreed with the International Monetary Fund (IMF) to introduce seven new taxes during the fiscal year 2024-25 if revenue collection misses the projected target by 1%. This agreement was outlined in the IMF’s report under the Extended Fund Facility (EFF), which highlighted these contingent taxation measures as a safeguard against potential revenue shortfalls.
Top Insights
Related Articles
PKR Gains Against British Pound, Holds Steady Against USD
The Pakistani rupee (PKR) strengthened against the British Pound and other major...
FBR Launches ePayment 2.0 for Easy Online Tax Payments
The Federal Board of Revenue (FBR) has rolled out ePayment 2.0 on...
Govt Proposes Tax Breaks, Lower Import Duties for New Energy Vehicles
The government is drafting the New Energy Vehicle (NEV) Policy 2025-30 to...
Rupee Nears 278 Against US Dollar After Consecutive Declines
The Pakistani rupee weakened for the second day against the US dollar,...
Leave a comment