ISLAMABAD: The International Monetary Fund (IMF) has proposed a tax target of over Rs 15 trillion for Pakistan in the next budget, ARY News reported citing sources.
According to sources, the IMF and Pakistan are holding virtual talks, with 85% of the discussions completed successfully. The talks are focused on finalizing the details of the next budget, which is expected to be presented in the National Assembly soon.
The new budget is expected to increase the tax-to-GDP ratio to 13% and collect Rs 2,745 billion in non-tax revenue. The government is also expecting the economy to grow by over 4% in the next fiscal year, driven by increased investment and consumption.
