Teresa Daban Sanchez, resident representative of the IMF in Pakistan, while emphasising the need for adopting good taxation principles with sometime increase in the tax-base and sometime increase in rates, has stated that IMF is working closely with the Pakistani authorities on preparing budget for FY21. She stated that taxation on tobacco in Pakistan is very low and it needed to be more taxed, not only for more collection but also for health reasons. The IMF has no involvement over the decision on petroleum prices in Pakistan. If the govt. does not reduce the petroleum levy then it is its prerogative, she added.
21/4/2020