ISLAMABAD (HRNW) The Pakistan government has reportedly assured the International Monetary Fund (IMF) of imposing new taxes worth Rs18 billion, monthly, media reported, citing sources.
The sources say, the development comes after “do more” demands of the International Monetary Fund.
The government has assured the IMF of slapping additional taxes on textile and sugar to meet the expected shortfall in tax collection.
The caretaker government has shared a plan with the IMF regarding the increase in taxes. The Pakistan government has planned to fix tax collection target of Rs11,000 billion.
The government has proposed jacking up GST on textiles and leather goods to 18pc from 15pc.