{"id":3982,"date":"2024-03-15T13:42:46","date_gmt":"2024-03-15T13:42:46","guid":{"rendered":"https:\/\/english.nni-news.com.pk\/?p=3982"},"modified":"2024-03-15T13:42:46","modified_gmt":"2024-03-15T13:42:46","slug":"fbr-shares-revenue-collection-plan-with-imf","status":"publish","type":"post","link":"http:\/\/english.nni-news.com.pk\/?p=3982","title":{"rendered":"FBR shares revenue collection plan with IMF"},"content":{"rendered":"<p class=\"v1MsoNormal\"><strong>ISLAMABAD, Mar 15 (NNI):\u00a0The Federal Board of Revenue (FBR) has shared the tax revenue plan with the International Monetary Fund (IMF) delegation during second review talks under the $3 billion Stand by Agreement (SBA), citing sources.<\/strong><\/p>\n<p class=\"v1MsoNormal\">The FBR in its plan informed the IMF about the tax reforms, and steps to bring 3.1 million retailers and defaulters into the tax net to increase the country&#8217;s revenue.<\/p>\n<p class=\"v1MsoNormal\">The delegation was also briefed about structural reforms in the FBR and hoped to achieve a tax collection of Rs 9,415 billion.<\/p>\n<p class=\"v1MsoNormal\">According to the FBR, the target of IMF set for July to December 2023 was met as the body collected Rs4,468 billion against the set target of Rs4,425 billion.<\/p>\n<p class=\"v1MsoNormal\">Earlier, the International Monetary Fund (IMF) called upon Pakistan to revisit the National Finance Commission (NFC) award with the provinces.<\/p>\n<p class=\"v1MsoNormal\">Article 160 of the Constitution authorizes the president to approve the distribution of revenues between the federation and the provinces through order of the NFC Award.<\/p>\n<p class=\"v1MsoNormal\">The newly formed government informed the IMF delegation that the provincial shares could not be reduced without a constitutional amendment and made all the provinces agree to a new formula. NNI<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, Mar 15 (NNI):\u00a0The Federal Board of Revenue (FBR) has shared the tax revenue plan with the International Monetary Fund (IMF) delegation during second review talks under the $3 billion Stand by Agreement (SBA), citing sources. The FBR in its plan informed the IMF about the tax reforms, and steps to bring 3.1 million retailers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=\/wp\/v2\/posts\/3982"}],"collection":[{"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3982"}],"version-history":[{"count":1,"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=\/wp\/v2\/posts\/3982\/revisions"}],"predecessor-version":[{"id":3983,"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=\/wp\/v2\/posts\/3982\/revisions\/3983"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=\/wp\/v2\/media\/1688"}],"wp:attachment":[{"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3982"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/english.nni-news.com.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}