The International Monetary Fund (IMF) has praised Pakistan’s Federal Board of Revenue (FBR) for its successful efforts in expanding the country’s tax net. This positive evaluation comes as the FBR aims to collect Rs9.4 trillion in taxes for the fiscal year 2023-24, with the IMF expressing confidence in Pakistan achieving its highest-ever tax collection in the upcoming fiscal year.
The IMF has forecasted a robust tax collection figure of Rs11.5 trillion for 2024-25. According to the IMF’s detailed projection, direct taxes are expected to amount to Rs4803 billion, with sales tax contributions reaching Rs4114 billion.
The IMF has specifically commended Pakistan’s caretaker government for maintaining economic stability and implementing effective policies. The interim government, in power until the general elections scheduled for February 8, has been praised for its decisive actions in contributing to the country’s economic stability.
This commendation from the IMF reflects positively on Pakistan’s economic trajectory, indicating international confidence in the country’s fiscal management. As the FBR continues to expand the tax net, the forecasted record tax collection figures for the upcoming fiscal years provide an optimistic economic outlook for Pakistan.
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