Tuesday, August 25, 2009
Supplementary budget likely, Pak assures IMF
ISLAMABAD: The Government of Pakistan assured International Monetary Fund (IMF) that if the tax targets are not achieved, and if it was felt so, a supplementary budget may come during the current fiscal year. According to standby programme, various tax measures would be taken to boost the remittances and these steps would be taken up in supplementary budget; also, the changes would be effected in the taxes through these steps.The parliament would approve these steps in the budget for the next fiscal years.According to report, the IMF said the international aid for the terrorist-hit affectees is temporary and Pakistan will have to increase the income through the taxes.
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