The FBR has assured the IMF of achieving the tax target for the current financial year.


Islamabad: The caretaker government has assured International Monetary Fund (IMF) that additional measures will be taken immediately if the tax target falls short, reportedly.
According to media reports, IMF and Federal Board of Revenue authorities have negotiated on the revenue collection plan in the next eight months of the current financial year.
It is reported that FBR provided complete details of sales tax, income tax, customs and excise from each sector during negotiations.
There is a possibility of agreement on the method of tax collection stuck in the cases. FBR has also planned to include retailers in the tax net from January.
The FBR has assured the IMF of achieving the tax target for the current financial year.

‘Sardar Ji 3’ trailer out, film not to be released in India
- 2 hours ago

Pakistani airspace to remain closed further for India
- 4 hours ago

What's wrong with the Aces? Breaking down Las Vegas' 5-6 start
- 7 hours ago

Heavy rains in twin cities disrupt heat wave
- 4 hours ago

Dodgers turn away ICE agents from parking lot
- 7 hours ago

Middle East War: Crude oil prices surge by more than 3pc in global market
- 4 hours ago

Trump calls for regime change in Iran
- 4 hours ago

Digital app approved for electricity meter reading
- 9 minutes ago

Hasan Ali achieves major milestone in T20 cricket
- 37 minutes ago

Suicide bombing in Damascus church kills 15
- 2 hours ago

Iran executes head of Mossad-affiliated cyber team
- an hour ago

Inside Gage Wood's MCWS masterpiece
- 7 hours ago