Policy-level discussions with the IMF will begin today.
Policy-level budget negotiations are scheduled to start today following the conclusion of technical-level discussions between Pakistan and the International Monetary Fund (IMF).
Pakistan will suggest eliminating the super tax in the budget for the upcoming fiscal year.
Pakistan would make proposals to the international lender during the negotiations to lower import and export taxes, support the real estate industry, and lessen the tax burden on already burdened salaried people.
However, the government budget is projected to be between Rs17,000 billion and Rs18,000 billion for the next fiscal year.
The Federal Board of income (FBR) is anticipated to receive Rs14,307 trillion in income during the course of the upcoming fiscal year, according to reports. Direct taxes will account for Rs6,470 billion of this total.
The goals are Rs1,311 billion from the petroleum levy, Rs1,731 billion from customs duty, Rs4,943 billion from sales tax, and Rs1,153 billion from federal excise duty.
Documents indicate that the expected non-tax revenue is Rs 2,584 billion. It is anticipated that the provinces will contribute an excess of Rs1,220 billion.
