ISLAMABAD- The deadlock between the IMF team and Pakistan economic gurusseems to persist as the international money-lender refuses to let go of itscondition of levying additional taxes on Pakistani people, reported24NewsHD TV channel on Tuesday.

According to sources, the IMF link has givena target to the Federal Board of Revenue to levy additional taxeslink and set Rs6,000 billioncollection target.

The lending agency has asked the government to introduce extra taxes in theupcoming budget of fiscal 2021/22.

The sources said the government had termed Rs6,000 billion tax targetunrealistic pleading to the lender that it was hard to levy additionaltariffs on already economically stressed people.

However, talks are still ongoing with the IMFlink, the sources added.

FBR Chairman Asim Ahmed said that no additional tax would be introduced inthe next budget. He vowed to provide tax relief in the upcoming annualfinancial plan.

He said instead of raising tariffs, the tax recovery would be increasedthrough enforcement, explaining that the government would widen the tax netin a bid to meet the IMF link target.

On Sunday last, Federal Finance Minister Shaukat Tarin had said theInternational Monetary Fund has tightened the screws around Pakistan byshowing a rigid attitude towards the country.

Source:link