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Print Print 2023-02-15

Rs170bn additional taxes: Do it thru bill, Alvi asks Dar

  • Ishaq Dar informs that government wants to raise additional revenue through taxes by promulgating an ordinance
Published February 15, 2023

ISLAMABAD: President Dr Arif Alvi has advised the government to take fiscal measures of Rs170 billion through additional taxes as agreed with the International Monetary Fund (IMF) by introducing a bill in the Parliament instead of issuing an Ordinance.

According to the Finance Ministry, Finance Minister Ishaq Dar on Tuesday met with the president and apprised him about the progress in talks with the IMF and that all modalities have been agreed upon.

The Finance Ministry in a statement stated that the President appreciated the efforts of the government for negotiating an agreement with the IMF and assured that the state of Pakistan would stand by the commitments made by the government with the IMF.

IMF, Pakistan to resume talks on unlocking bailout funds, official says

The minister informed that the government wanted to raise additional revenue through taxes by promulgating an ordinance.

The President advised that it would be more appropriate to take the Parliament into confidence on this important subject and that a session be called immediately so that the bill is enacted without delay.

Copyright Business Recorder, 2023

Comments

Comments are closed.

KhanRA Feb 15, 2023 07:18am
If PML would remove Dar, it would show accountability. Instead they are deflecting blame to Imran Khan, and tying themselves even more tightly to Dar despite his incompetence. It is plainly obvious that on Dar’s orders, SBP reserves were depleted in order to inflate the value of the rupee which has now put us in this crisis. Yet Dar’s reputation is all that matters to the House of Sharif.
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Matiur Rahman Feb 15, 2023 08:09am
IMF our benign benefactor for so many years and now suddenly pressing our neck for complying with harsh conditions. Our political mess is responsible for this situation. When we will learn to show political maturity and economically stand on our feet.
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Muhammad Riaz Feb 15, 2023 08:58am
Kabi in Prime Minister, Presedent or ministeros na nahi kaha , k hm apna Asasu sa mulk k leya adi wakaf kerta ha is muskil wakat ma.
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Dr fahad Feb 15, 2023 09:38am
@Matiur Rahman , IMF was pressing same condition with Imran khan . 50pkr petroleum levy plus gst . But now only petroleum levy . Problem is we have reached our maximum potential of taking loans . Every lender wants to get back his money in future
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Dr fahad Feb 15, 2023 09:43am
@KhanRA, Imran khan is equally blamable. He have signed IMF agreement in January to implement gst and petroleum levy but he had done opposite. He lied . After his oust he had not returned to assembly . And spoiled relation with USA which is our biggest trading partner and remittance source . Then everyday big drama on street . Blames on COAS .but he never file case against USA , COAS ,ZARDATI .he only creat chaos .and plus his Taliban brothers are now doing terrorism .
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Prof. Dr. Muhammad Abdul Quddus Feb 15, 2023 11:09am
AOA Follow Allah Subhanaho Tal'ala (Qur'an) and Hazarat Muhammad Sallallahu Elayhay Wasalam's (PBUH) Teachings for the real prosperity and development of Pakistan. With due respect, the Pakistani elite class enjoys their lives at the expense of the poor people of Pakistan. They must be taxed at a very huge rate and compensate the poor masses. Sale out the Governor's houses along with all GORs at the market rates. Provide cheap POL to the Motorcycles owners. No need to make challans to that motorcyclist without a helmet but check the high-value vehicles (Particularly land cruisers, etc).
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Abdullah Gora Feb 15, 2023 12:03pm
Wish Dr.Alvi had walked his talk "do thru Bill" during his party's 4 yrs rule when Ordinance Factory was most productive in issuance of record number of Ordnance
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ihsan Feb 15, 2023 02:21pm
@KhanRA, lmao you are saying as if PMLN is the one who took record loans and did financial slippage. Forex reserves depleted mostly because of debt repayments that imran khan took in last three years. Read the IMF statement on reckless policies and failures of PTI.
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Dr Arbab naveed Feb 15, 2023 02:35pm
Without shifting blames the country needs structural reforms no matter IMF or without .
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Dr Arbab naveed Feb 15, 2023 02:37pm
Without shifting blames pakistan needs tax and legal reforms no matter with IMF or without.
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Shiteistan Feb 15, 2023 02:55pm
@Prof. Dr. Muhammad Abdul Quddus, You have prefixed "Prof. Dr." to your name. Yet it seems like you have no clue about economics and taxation.
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MalikSaabSays Feb 16, 2023 07:43am
@Dr fahad , Yes. And fish do fly. Because you said so.
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