The sources say that IMF is satisfied with the FBR’s performance, and a comprehensive report on Pakistan’s economic progress is likely to be shared with the IMF in the early days of October.


Lahore: The International Monetary Fund (IMF) and Pakistan would hold talks for second tranche of bailout package in the final week of October, the sources said on Saturday.
The sources said that the Fund expressed satisfaction with the FBR's performance, and a comprehensive report on Pakistan's economic progress is expected to be shared with the IMF in the early days of October.
During a recent online meeting between officials from Pakistan's Federal Board of Revenue (FBR) and the IMF, Pakistan made it clear that it does not intend to introduce any new taxes. The FBR expressed its confidence in meeting tax recovery targets without the necessity of imposing additional taxes.
Moreover, taxation data for the first quarter of the current fiscal year, spanning from July to September, is slated to be submitted to the IMF in the upcoming week.
In a significant development, Pakistan has also shared a strategic plan with the IMF aimed at curbing tax evasion.
It's noteworthy that Pakistan is facing pressure from the IMF, which could result in a reduction of approximately Rs 150 to Rs 200 billion in the country's development budget. This information was disclosed during a meeting between Pakistan's Federal Minister of Finance, Dr. Shamshad Akhtar, and provincial finance ministers.

Karachi installs 891 cameras under phase one of safe city project
- 10 hours ago

Pakistan Business Forum urges govt to take concrete steps for agriculture sector
- 15 hours ago
Trump says TikTok deal near as US, China agree on negotiated solution
- 10 hours ago
Ayesha Gul becomes first female SSP in Khyber Pakhtunkhwa's history
- 12 hours ago
.jpg&w=3840&q=75)
Eleven bodies recovered from floodwaters in Alipur
- 14 hours ago
PM Shehbaz arrives in Qatar for Arab-Islamic Summit
- 14 hours ago

Two new polio cases confirmed in KP
- 14 hours ago
Artists call for ‘Free Palestine’ at Emmy Awards in Los Angeles
- 13 hours ago

A self-driving car traffic jam is coming for US cities
- an hour ago
Met office predicts hot, dry weather in most parts of country
- 14 hours ago
Govt keeps petrol price unchanged, increases HSD by Rs2.78
- 6 hours ago

Sit or play? Why Jordan Love's path to Packers starter remains unique in the NFL
- 2 hours ago