IMF asks Pakistan to impose further taxes of Rs 440 billion, claims Shaukat Tarin
Islamabad: Pakistan’s former finance minister Shaukat Tarin said Thursday claimed that the International Monetary Fund (IMF) has asked the Pakistani government to impose further taxes of Rs440 billion, Geo News reported.
Tarin claimed that “The actual budget will be unveiled now,” while addressing the Senate after the IMF and Pakistan government reached a “broad agreement” on the budgetary and fiscal measures for the next fiscal year (FY) 2022-23.
The PTI leader said the Upper House of the Parliament is fulfilling formalities by debating the budget as the “actual budget” will be presented in the National Assembly — after it is tuned in line with the IMF’s demands.
Tarin’s statement came just hours after Finance Minister Miftah Ismail said in a press conference that the coalition government had imposed taxes on the rich in the budget for the next FY23.
Miftah said another 1 per cent super-tax would be imposed on people earning more than Rs150 million, 2 per cent on income of more than Rs200 million, 3 per cent on people earning more than Rs250 million and 4 per cent on income of more than Rs300 million per annum.
He further said that he would wrap up the federal budget for the next fiscal year 2022-23 tomorrow with his closing speech in the Lower House of the Parliament. (UNI)