The government has rejected International Monetary Fund’s (IMF) proposal to increase taxes on the salaried class, reported 24NewsHD TV channel on Friday.
The 24News TV channel has learnt from its sources that the Fund had suggested to the FBR to increase the amount of tax deducted from the salaries of people every year from Rs129 billion to Rs300 billion, but the latter rejected it, saying it was difficult to implement.
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Sources further disclosed that the FBR had also rejected IMF’s suggestion to set the overall tax target at Rs5, 963 billion, and conveyed to the international money lending organisation that the Rs5, 700 billion could be a reasonable target.
FBR’s negotiations with the IMF will continue for the next two days.
Reporter Ashraf Khan