Islamabad, IMF settle key changes ahead of new budget

Islamabad, IMF settle key changes ahead of new budget

Pakistan has agreed to a series of major reforms in tax policy, budget preparation, and public finance management as part of ongoing discussions with the International Monetary Fund (IMF) ahead of the next federal budget, according to officials in Islamabad. Sources in the Ministry of Finance said a technical report outlining proposals for the new budget will be submitted in January. The IMF’s technical mission has completed its visit after reco…

IMF Demands Accurate Data Use and Wider Tax Net in Pakistan’s Budget

IMF Demands Accurate Data Use and Wider Tax Net in Pakistan’s Budget has become one of today’s most-searched economic stories, as the global lender pushes Islamabad to fix structural flaws in its tax system. The visiting IMF technical mission held talks with the government. It stressed the need for accurate data use during budget preparation. It also demanded a wider tax net and full audits of supplementary grants.Trending keywords include IMF P…