Islamabad:
The federal government gave civil servants until September 2025 to declare their assets, with a digital portal that will be launched for the process.
Meanwhile, the Federal Board of Return (FBR) informed the International Monetary Fund (IMF) of its plan to fill the tax deficit of 605 billion rupees, ensuring that no mini-buin will be introduced for the generation of income.
According to sources, negotiations between Pakistan and the IMF for the next branch of the loan program are underway. IMF, FBR and Benazir Revenue Program (BISP) officials participated in discussions held the day before.
The FBR has detailed its IMF tax collection strategy, reiterating that the deficit would be covered without imposing additional taxes via a mini-dubbing.
Sources argued that the two parties agreed not to introduce a mini-budget to fill the income gap. Instead, 157 billion rupees should be generated by a super tax. Current tax litigation cases will be accelerated in court and the government has provided complete cooperation in the rapid resolution of these cases. The chief judge also approved a priority request to the hearings of the tax -related cases.
The plan includes accelerated tax cases in court, the Prime Minister’s office facilitating the process.
Meanwhile, sources have said that the government had set a deadline in September for civil servants to declare their assets, a digital portal to be launched for this purpose in accordance with IMF’s requests.
