On Monday International Monetary Fund (IMF)’s delegation led by its Mission Chief to Pakistan Ernesto Ramirez Rigo, arrived in Islamabad and held talks with the high-officials of the Finance Ministry and Federal Board of Revenue (FBR).
Shabbar Zaidi, chairman of FBR briefed the IMF delegation about revenue targets, achievements, reforms and other issues.
The IMF team briefed the Pakistani officials on how to improve tax collection, FBR officials said that tax collection rose to 16 percent while local tax collection jumped to 26 percent during the last three months and the rate of income tax collection, sales tax collection and Excise Duty increased 19 percent, 21 percent, and 19 percent respectively.
During the meeting, ministry of finance also briefed the global monetary body’s delegation , the IMF delegation will stay in Pakistan till November 7 to submit a report to the IMF mission, based on which it would be decided as to whether to approve a tranche worth $460 million of the $6-billion three-year bailout package agreed upon back in July.
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