Islamabad: PM Shahbaz Sharif led government has started preparations for key talks with IMF staff mission and set to finalize the strategy end of this week.
7 proposals to go for the mini-budget, including one percent increase in advance income tax on import of machinery, industrial raw materials and commercial raw materials, one percent in withholding tax on supplies, services and contracts, and five percent duty on beverages has been proposed.
Tax rates may be hiked on various sectors but FBR is set to recommended the government not to hike tax rates due to slow recovery in economic activity and signs of easing inflationary pressures.
Government is going to consolidate its strategy for the next weekend talks with IMF staff mission chief Nathan Porter.
IMF staff mission Chief Nathan Porter scheduled his visit for Islamabad from 11 November to 15 November 2024.
