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IMF Calls for Pakistan Income Tax Reforms – Dawn

An IMF staff mission raised the issue of reforms in the personal income tax regime to raise maximum revenue, especially from salaries


IMF logo
The IMF said in a statement its executive board had determined the weighting based on trade and financial market developments from 2017 to 2021. Photo: Reuters.

 

At a time when Pakistan’s economy is grappling with political uncertainty, the International Monetary Fund (IMF) reiterated its earlier demand asking Islamabad for changes in personal income tax (PIT), Dawn reported.

An IMF staff mission held a first round of discussions with tax officials last week and raised the issue of reforms in the PIT to raise maximum revenue, especially from salary incomes. Last year, the government rejected a similar IMF request.

Read the full report: Dawn

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.