As part of its promises to the International Monetary Fund (IMF) during ongoing discussions, the federal government is preparing to implement stringent new measures against tax non-filers in the next budget.
Government officials claim that as Pakistan gets ready to eliminate the non-filer category entirely from its tax system, non-filers would also be prohibited from purchasing real estate and cars, as well as limited from engaging in significant financial activities. The choice is a component of a larger plan to increase tax collection and meet IMF requirements related to the nation’s current loan arrangement.
The IMF tightens borrowing requirements.
According to reports, the IMF has tightened the conditions of its loan facility in response to external economic risks like growing US tariffs and tensions with India in the region.
