Finance Minister Shaukat Tarin says talks with IMF continue over stabilizatiion of revenue collection
ISLAMABAD: (UrduPoint/Pakistan Point News-June 12nd, 2021) The prices of the petroluem products were likely to be increased amid talks with International Monetary Fund (IMF) over stablization of revenue collection.
Tarin said that the levy will have to be increased from Rs20 to Rs25 per litre.
The government currently is charging Rs 5 per litre levy being charged.
“We clearly have conveyed to IMF that it should not be there problem that how the revenue collection target of Rs 5. 829 trillion is collected,” he explained.
There is a deadlock between boh sides over many issues including FBR’s tax collection, fixation of petroleum levy, assessment of elimination of tax exemption and time frame to increase power and gas tariffs.
The minister hoped that remittances would increase from $32 to $33 billion in the next fiscal year, pointing out that the current account deficit would be in the range of $2 billion to $3bilion in the next financial year.