According to sources, the Pakistani government has rejected a proposal by the International Monetary Fund (IMF) for an additional Rs.176 billion in tax income from salaried individuals in the fiscal year 2021-2022.
However, it has been stated that alternative tax rates are being considered in order to increase the current Rs.129 billion in salary income tax collection to Rs.305 billion.
Read more: FBR abolished tax-exemption system, MoITT expressed concern
According to sources, Pakistani Prime Minister Imran Khan met with IMF officials and requested that the fund ease the limits on energy prices and taxes, particularly in the health, education, and agriculture sectors of Pakistan.
Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City.