Salaried Class Likely to Get Tax Relief in Upcoming Budget as Talks With IMF Progress

Negotiations between Pakistan and the International Monetary Fund (IMF) are expected to conclude today with a consultative session to be held in the evening. Sources told ProPakistani that progress is expected on proposals to reduce tax rates for salaried individuals and industries. The government is striving to reduce the tax burden on salaried individuals, according to sources in the Finance Division. A proposal has also been made to lower tax rates on the industrial sector to reduce business costs, sources said. Positive outcomes are expected from the IMF delegation’s meetings with Pakistani leadership, sources said. The IMF delegation has met with the President, Prime Minister, and Deputy Prime Minister. Negotiations with the economic team have been ongoing in Islamabad for the past five days, sources. Talks with the IMF are expected to continue virtually until June, sources said.