- Pakistan is considering implementing a carbon tax on petroleum products to comply with IMF recommendations
- The IMF is pushing for a uniform value-added tax (VAT) system across the economy
- The government is also looking at increasing the petroleum levy to boost federal revenue
- These measures could attract international financial support and align with global benchmarks for climate-focused public investment management
- Plans also include enhancements to social welfare programs and expanding the tax base through digitization and documentation initiatives
- Reforms are aimed at increasing the tax-to-GDP ratio and achieving fiscal adjustment for economic stabilization
Source: profit.pakistantoday.com.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
