The International Monetary Fund (IMF) has demanded that Pakistan raise an additional Rs. 430 billion through more taxes to meet the new Rs. 14.3 trillion tax revenue target for the 2025–26 federal budget, official sources told ProPakistani.
The proposal was put forward during the second round of virtual talks between the IMF and Pakistan’s economic team. The Fund stressed the need for urgent reforms to broaden the tax base, resolve long-pending tax cases, and, among other things
The IMF advised that Rs. 600 billion could be generated solely through enforcement actions. It also called for the documentation of high-potential sectors such as tobacco, beverages, and real estate, and urged improvements in the Federal Board of Revenue’s (FBR) data collection, automation, and real-time monitoring systems.
Finance Minister Muhammad Aurangzeb briefed the IMF on the country’s economic outlook and revenue challenges amid low growth and persistent inflation. Government estimates suggest total tax revenue could be limited to Rs. 13.275 trillion.
The IMF also reiterated its demand for timely resolution of court-stuck tax cases and maintaining primary balance targets under the ongoing Extended Fund Facility program.
Yeah we don’t have any . We are tired .
We pay taxes on income
We pay taxes on electricity
We pay taxes on buying anything
We pay taxes on selling anything
We pay taxes on pensions which is unheard of
We pay taxes on roads
We pay taxes on mobile phones
We pay taxes to use those phones
We pay taxes on school fees
We pay taxes on services
We pay taxes even to use our own electricity
We don’t have anything. We are tired. We can’t afford anything anymore