Pakistan to collect highest-ever tax in FY2023-24: IMF

International National

The International Monetary Fund (IMF) commended the Federal Board of Revenue’s (FBR) performance for expanding Pakistan’s tax net.

The international lender hopes Pakistan will collect the highest-ever tax in FY2023-24 as the FBR is on the path to collect Rs9.4 trillion tax.

Furthermore, the IMF has forecast tax collection of Rs11.5 trillion in the next fiscal year 2024-25. The lender is hopeful that Pakistan will collect Rs4803 billion in direct taxes and Rs4114 billion on account of sales tax.

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