Islamabad: The government is likely to seek a fresh programme from the International Monetary Fund with a pre-condition of introducing the controversial reformed general sales tax on goods and services and provincial taxes on agricultural income and real estate from July 1.
During the recent talks, the government team and IMF visiting mission finalized monthly budgetary targets.
The successful achievement of these benchmark targets will enable the IMF mission to seek a formal fifth review of the macroeconomic and fiscal framework by the IMF executive board in May, leading to disbursement of the next $1.7 billion tranche before the next budget.
The introduction of RGST and provincial taxes and adjustment of the final tranche of standby arrangement would become a basis of the next IMF programme, an official said.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription