{"id":51180,"date":"2019-04-09T16:33:58","date_gmt":"2019-04-09T11:33:58","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51180"},"modified":"2019-04-09T16:33:58","modified_gmt":"2019-04-09T11:33:58","slug":"imf-presses-for-more-revenue-collection","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-presses-for-more-revenue-collection.html","title":{"rendered":"IMF presses for more revenue collection"},"content":{"rendered":"<p>Islamabad: The International Monetary Fund (IMF) has asked the federal government to set a tax collection target of PKR 5.4 trillion for the upcoming financial year (FY2019-20), a news source reported.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/imf-extends-support-to-uplift-pakistans-economy.html\">IMF extends support to uplift Pakistan\u2019s economy<\/a><\/p>\n<p>Finance Minister Asad Umar said on Monday that talks with the international agency for a multi-billion dollar bailout package were in their final stages.<\/p>\n<p>In order to secure the bailout package, Pakistan has to agree to certain conditions detailed by the IMF, which is set to finalise its Medium Term Economic Framework (MTEF 2019-2023) targets this month.<\/p>\n<p>However, certain officials are uncertain as to whether the government will be able to meet its revenue target of PKR 5.4 trillion. This figure shows a 13% increase from the current tax collection target, which stands at PKR 4 trillion.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/adb-links-lending-policy-with-imf-bailout-package.html\">ADB links lending policy with IMF bailout package<\/a><\/p>\n<p>A revenue target of PKR 4 trillion forms 10.6% of the country\u2019s gross domestic product (GDP). A 13% increase means that the Federal Board of Revenue (FBR) has to collect additional revenue worth PKR 1.45 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The International Monetary Fund (IMF) has asked the federal government to set a tax collection target of PKR 5.4 trillion for the upcoming financial year (FY2019-20), a news source reported. Read: IMF extends support to uplift Pakistan\u2019s economy Finance Minister Asad Umar said on Monday that talks with the international agency for a multi-billion dollar bailout package were in their final stages. In order to secure the bailout package, Pakistan has to agree to certain conditions detailed by the IMF, which is set to finalise its Medium Term Economic Framework (MTEF 2019-2023) targets this month. However, certain officials are uncertain as to whether the government will be able to meet its revenue target of PKR 5.4 trillion. This figure shows a 13% increase from the current tax collection target, which stands at PKR 4 trillion. Read:\u00a0ADB links lending policy with IMF bailout package A revenue target of PKR 4 trillion forms 10.6% of the country\u2019s gross domestic product (GDP). A 13% increase means that the Federal Board of Revenue (FBR) has to collect additional revenue worth PKR 1.45 trillion.<\/p>\n","protected":false},"author":67,"featured_media":51181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11242],"persona":[],"class_list":{"0":"post-51180","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-imf-presses-for-more-revenue-collection"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF presses for more revenue collection - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The International Monetary Fund (IMF) has asked the federal government to set a tax collection target of PKR 5.4 trillion for the upcoming\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/imf-presses-for-more-revenue-collection.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF presses for more revenue collection - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The International Monetary Fund (IMF) has asked the federal government to set a tax collection target of PKR 5.4 trillion for the upcoming\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-presses-for-more-revenue-collection.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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