Islamabad refuses to cave in to IMF demands
Global lender insists on increasing electricity tariff and imposing taxes
ISLAMABAD:
Talks between Pakistan and the International Monetary Fund (IMF) remained inconclusive after the global lender did not budge from its demand of increasing electricity tariff by Rs4.95 per unit and imposing taxes worth Rs150 billion.
For now, Islamabad has refused to accept both of these demands and instead Finance Minister Shaukat Tarin is set on Friday (today) to reverse some of the adverse taxation measures that were part of the Finance Bill 2021 unveiled on June 11.
The minister will conclude the general budget debate and make new announcements.
AcreageWay Launches Blockchain Platform Allowing Everyone to Access Commercial Real Estate Investments
pr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pr.com Daily Mail and Mail on Sunday newspapers.
Buy This ETF To Hedge Against Rising Housing Inflation
thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Govt moves to tax undisclosed offshore assets
Seeks to impose taxes on ‘suspicious’ gifts transactions among relatives that increased to Rs170b last year
The government has imposed new taxes on almost every important consumable and daily use item, including sugar . STOCK IMAGE
ISLAMABAD:
The government has proposed to open more than five-year-old cases to tax undisclosed offshore assets of Pakistanis and also seeks to impose taxes on “suspicious” gifts transactions among relatives that increased to Rs170 billion last year.
In the Finance Bill 2021, the government has suggested to amend two critical clauses that deal with serving tax notices to the people and treating the gifts related transactions.
Brookfield, Easterly, J&J: Dividend stocks you can hold for decades
usatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usatoday.com Daily Mail and Mail on Sunday newspapers.