{"id":51245,"date":"2019-04-11T17:54:09","date_gmt":"2019-04-11T17:54:09","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51245"},"modified":"2020-01-29T12:41:29","modified_gmt":"2020-01-29T12:41:29","slug":"govt-introduce-reforms-avoiding-imf-funding","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-introduce-reforms-avoiding-imf-funding.html","title":{"rendered":"Govt to introduce reforms for avoiding IMF funding"},"content":{"rendered":"<p>Lahore: Punjab Finance Minister Hashim Jawan Bakht has stated that the government will introduce reforms to wean the country off its requirements for funds bailout packages from the International Monetary Fund (IMF), a news source reported. He said that these reforms will be structural and financial in nature, and will also end Pakistan\u2019s reliance on the World Bank, and other such transnational institutions.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/imf-presses-for-more-revenue-collection.html\" target=\"_blank\" rel=\"noopener noreferrer\">IMF presses for more revenue collection<\/a><\/p>\n<p>The finance minister was speaking at an event organised in relation to Tax Day on Wednesday. He said that the said reforms were unavoidable, and the country needs unpopular decision to put an end to IMF and World Bank support in the future.<\/p>\n<p>Bakht stressed that the results of these reforms and unpopular decisions will surface in time. The added that government is making the tax payment system easier and friendlier for the tax payer. He further told that the devolution of power has increased revenue collection, and is benefiting the public.<\/p>\n<p>While addressing the audience, he revealed that taxpayers of the Punjab Revenue Authority (PRA) will increase to 100,000 by 2020. Bakht added that introducing an inspector-less system in the taxation mechanism will be a game-changing step.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-introduce-single-tax-returns-reform.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR to introduce single tax returns reform<\/a><\/p>\n<p>During this event, PRA Chairman Javed Ahmed also revealed that the authority had collected PKR 110 billion in taxes last year &#8211; with an average growth of 36%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Punjab Finance Minister Hashim Jawan Bakht has stated that the government will introduce reforms to wean the country off its requirements for funds bailout packages from the International Monetary Fund (IMF), a news source reported. He said that these reforms will be structural and financial in nature, and will also end Pakistan\u2019s reliance on the World Bank, and other such transnational institutions. Read:\u00a0IMF presses for more revenue collection The finance minister was speaking at an event organised in relation to Tax Day on Wednesday. He said that the said reforms were unavoidable, and the country needs unpopular decision to put an end to IMF and World Bank support in the future. Bakht stressed that the results of these reforms and unpopular decisions will surface in time. The added that government is making the tax payment system easier and friendlier for the tax payer. He further told that the devolution of power has increased revenue collection, and is benefiting the public. While addressing the audience, he revealed that taxpayers of the Punjab Revenue Authority (PRA) will increase to 100,000 by 2020. Bakht added that introducing an inspector-less system in the taxation mechanism will be a game-changing step. Read:\u00a0FBR to introduce&hellip;<\/p>\n","protected":false},"author":68,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11265],"persona":[],"class_list":{"0":"post-51245","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-govt-to-introduce-reforms-for-avoiding-imf-funding"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to introduce reforms for avoiding IMF funding - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: Punjab Finance Minister Hashim Jawan Bakht has stated that the government will introduce reforms to wean the country off its requirements for\" \/>\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\/govt-introduce-reforms-avoiding-imf-funding.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to introduce reforms for avoiding IMF funding - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: Punjab Finance Minister Hashim Jawan Bakht has stated that the government will introduce reforms to wean the country off its requirements for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-introduce-reforms-avoiding-imf-funding.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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