IMF team discusses tax issues, judicial efficiency
The Federal Board of Revenue and Supreme Court Bar Association (SCBA) representatives met the International Monetary Fund (IMF) mission on Monday to discuss a host of issues ranging from the tax transformation plan and enhancing actual collection efforts to judicial efficiency, contract enforcement, and property rights protection. The IMF Governance and Diagnostic Assessment teams are in the capital to meet competent authorities and examine the governance structure of several ministries related to fiscal policy, tax policy, corruption, procurement, audits, and anti-money laundering. A well-placed source told Dawn that the technical team has met tax officials to review the FBR indigenous plan, which was approved last year by the Prime Minister to reduce the existing tax gap, which the FBR estimates to be more than Rs7 trillion.