IMF Requires Taxes on Books, Pens, and Stationery, Making Education Costlier
The International Monetary Fund (IMF) has suggested that the Pakistani government should think about putting taxes on items like books and pens as part of their financial improvements.
People in the Finance Department say that the IMF wants to get rid of the tax breaks that are currently given to different stationery products.
This idea will be talked about by the Federal Board of Revenue (FBR) with the Prime Minister as they get ready for the new budget in 2024-25. They might also discuss putting sales taxes on important farming tools like tractors and pesticides.
The IMF recently said that Pakistan asked for a new loan. They said it’s really important for Pakistan to collect taxes better and make changes in how energy is managed. These changes are part of the IMF’s Extended Fund Facility program, which aims to make Pakistan’s economy stronger.
The IMF’s idea to make the tax base wider fits with their plan to make Pakistan’s economy grow and be stable. This shows that Pakistan is working hard to deal with money issues and make fair economic rules.
