{"id":61128,"date":"2020-02-07T17:00:00","date_gmt":"2020-02-07T12:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61128"},"modified":"2020-02-07T16:57:38","modified_gmt":"2020-02-07T11:57:38","slug":"imf-fbr-meeting-imposition-new-taxes-denied","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-fbr-meeting-imposition-new-taxes-denied.html","title":{"rendered":"IMF-FBR meeting: imposition of new taxes denied"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR), at the conclusion of its performance review meeting with the visiting delegation of the International Monetary Fund (<a href=\"https:\/\/www.zameen.com\/news\/fbr-imf-discuss-additional-tax-measures.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF (opens in a new tab)\">IMF<\/a>), has stated that there will be no new taxes or mini-budget announcement to bridge the revenue generation shortfall recorded in the first half of the existing fiscal year, according to news sources.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-review-notes-pakistans-positive-macro-economic-performance.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF review notes Pakistan\u2019s positive macro-economic performance (opens in a new tab)\">IMF review notes Pakistan\u2019s positive macro-economic performance<\/a><\/p>\n\n\n\n<p>According to officials, the taxation department had almost achieved its revenue collection target for the second quarter of the FY 2019-20. They added that taxation and electricity were the two topics discussed at length during the meeting.<\/p>\n\n\n\n<p>The officials claimed that IMF was satisfied by the authority\u2019s performance and that any mention of mini-budget was \u2018pre-mature\u2019. The policy discussion between the Pakistani team and the IMF delegation is expected be held between February 10 and 13. In this period benchmarks for the third quarter of the fiscal year will be set and then presented to the IMF board. <\/p>\n\n\n\n<p> <strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-reduces-fbrs-tax-collection-target-to-pkr-5-23trn.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF reduces FBR\u2019s tax collection target to PKR 5.23trn (opens in a new tab)\">IMF reduces FBR\u2019s tax collection target to PKR 5.23trn<\/a><\/p>\n\n\n\n<p>Moreover,\nFBR has conveyed to the IMF that the revised target of the PKR 5.270 trillion\nis not achievable and any more taxes may cause businesses to shut down. <\/p>\n\n\n\n<p>According\nto the estimates, the revenue collection is expected to amount to PKR 4.8\ntrillion, with an increase of PKR 1 trillion against the last year\u2019s figure of\nPKR 3.85 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR), at the conclusion of its performance review meeting with the visiting delegation of the International Monetary Fund (IMF), has stated that there will be no new taxes or mini-budget announcement to bridge the revenue generation shortfall recorded in the first half of the existing fiscal year, according to news sources. Read: IMF review notes Pakistan\u2019s positive macro-economic performance According to officials, the taxation department had almost achieved its revenue collection target for the second quarter of the FY 2019-20. They added that taxation and electricity were the two topics discussed at length during the meeting. The officials claimed that IMF was satisfied by the authority\u2019s performance and that any mention of mini-budget was \u2018pre-mature\u2019. The policy discussion between the Pakistani team and the IMF delegation is expected be held between February 10 and 13. In this period benchmarks for the third quarter of the fiscal year will be set and then presented to the IMF board. Read: IMF reduces FBR\u2019s tax collection target to PKR 5.23trn Moreover, FBR has conveyed to the IMF that the revised target of the PKR 5.270 trillion is not achievable and any more taxes may cause businesses to&hellip;<\/p>\n","protected":false},"author":75,"featured_media":59990,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[18310,3362,18107,11728,18311,18313,18312],"persona":[],"class_list":{"0":"post-61128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-imf-fbr-meeting-imposition-of-new-taxes-denied","9":"tag-fbr","10":"tag-fbr-and-imf-discuss-additional-tax-measures","11":"tag-imf","12":"tag-mini-budget","13":"tag-new-taxes","14":"tag-tax-regulations","15":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF-FBR meeting: imposition of new taxes denied - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR has stated that there will be no new taxes or mini-budget announcement to bridge the revenue generation shortfall recorded in the first half of FY.\" \/>\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-fbr-meeting-imposition-new-taxes-denied.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF-FBR meeting: imposition of new taxes denied - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR has stated that there will be no new taxes or mini-budget announcement to bridge the revenue generation shortfall recorded in the first half of FY.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-fbr-meeting-imposition-new-taxes-denied.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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