The government is preparing to put pressure for major relief measures for relief measures during the next review talks with the International Monetary Fund (IMF), in which Prime Minister Shahbaz Sharif’s officials have been directed to seek maximum possible incentives.
Sources told the proposal that the government aims to avoid alternative measures to increase alternative taxes focused on the strict implementation of existing tax policies, rather than imposing new Levies.
The Ministry of Finance will also try to persuade the IMF to allow relief due to the recent flood losses. Officials are expected to receive beach concessions for flood -hit communities, including relief in electricity bills for September and relaxation of agricultural loans.
According to sources, Pakistan will also emphasize the revision of the Federal Board of Revenue in light of the reduction of tax collection target, as well as provide a letter to the IMF how floods have affected tax revenue. The possibility of reducing the country’s economic growth target is also expected to be discussed slightly.
The government will ensure that no additional tax is introduced, while the IMF will also be given a letter on a possible increase in federal spending due to flood losses.