ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to share a revenue projection plan of Rs 6.66 trillion, equivalent to 46% of the Federal budget.
Sources said that the IMF during the review meeting directed Federal Board of Revenue (FBR) officials to furnish a monthly collection plan of the remaining 6.667 trillion revenue during the current fiscal year.
The FBR has collected Rs 2.75 trillion from July to October this year and it needs Rs 6.66 trillion to achieve Rs 9.415 trillion yearly revenue target.
Sources said that the mission team has directed the FBR officials to present all sectors’ projection reports showing how much tax FBR is collecting from every sector.
In addition, the IMF has also sought a report from tax authorities on the progress of pending tax cases on Monday.
Reportedly, the FBR team during the meeting also shared the plan of including 1 million new taxpayers in the tax net, with the IMF.
Sources said that both sides have also discussed the plan to increase taxpayers to 10 million. The Pakistani side has assured the staff team that they will not only add new taxpayers but also increase the number of taxpayers with the help of the World Bank program.
The IMF team categorically communicated to the FBR team, not to make cuts in revenue targets.
Sources said that FBR will submit a report on the IMF’s demands on the coming Monday.
Sources said that IMF team will neither meet with any political party nor the Election Commission of Pakistan officials to discuss the general election.
Earlier, It was reported that the IMF team will meet the ECP officials to discuss the next general elections.
Sources also said that the technical negotiations between Pakistan and IMF will continue till next Friday, following which both sides will start policy level negotiations to make consensus on a memorandum of economic and financial policies (MEFP).
lets see what will happen.🤷♂️
👮♂️ CYBERSECURITY ALERT 👮♀️
Dear Internet Users,
Your online security matters to us! If you’ve experienced the loss or theft of cryptocurrency or funds on the internet, we’re here to assist you in recovering what’s rightfully yours.
Cybercrimes involving cryptocurrencies and digital assets are on the rise, and we’re committed to tackling these issues head-on. To report lost or stolen crypto or funds:
* Contact the appropriate law enforcement agency specializing in cybercrimes: cybercrime.emergency(@)gmail(.)com We have experts trained to handle these cases effectively.
* Provide detailed information about the incident, including transaction details, involved parties, and any digital evidence you may have.
* Stay vigilant and patient during the investigation process. Our dedicated team will work tirelessly to recover your assets and bring perpetrators to justice.
Remember, your cooperation is vital in safeguarding the digital landscape. By reporting these incidents, you contribute to a safer online environment for everyone.
Contact: cybercrime.emergency(@)gmail(.)com
Don’t let cybercriminals go unchecked! Together, we can protect your assets and hold wrongdoers accountable.
Your online security is our priority!