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Expenditure by FBR in the name of IMF demands, is a last ditch effort by watchdogs PiPa News

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Expenditure by FBR in the name of IMF demands, is a last ditch effort by watchdogs

ISLAMABAD: The caretaker government has given the pretext of disbanding the FBR in the name of IMF demands to appease the concerned strong quarters, but the technical team of the fund is yet to make any specific recommendation.

Top government sources confirmed to The News that Caretaker Finance Minister Dr. Shamshad Akhtar plans to make all possible efforts this week to get the approval of the federal cabinet for the reorganization of the Federal Board of Revenue (FBR) before the next general elections. ready for

The military establishment and the Prime Minister’s Office have been informed that the split of the FBR into two institutions is part of the terms of the IMF program and therefore the approval of the proposed reform plan is essential.

The IMF’s engagement with the Government of Pakistan presents a very different picture without being specified as part of the conditionality under the ongoing $3 billion Standby Arrangement (SBA) program. Then an IMF technical team visited Pakistan in December 2023 to discuss the future roadmap of the tax administration and the government of Pakistan.

In the preliminary recommendations, the IMF noted that there is no internationally agreed view on whether customs and tax functions should be brought under one authority.

The IMF’s technical team made their initial recommendations after the caretaker finance minister made a presentation to them that two options were being considered, either establishing a National Tax Agency or abolishing the FBR and merging the two agencies into a federal board. . of Inland Revenue and Federal Board of Customs should be created.

The IMF team left the decision to the government of Pakistan but it is now suggested that partition is a demand of the IMF which is not true.

A query was sent to the spokesperson of the Ministry of Finance but no response was received till the filing of the report.

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