pakistan
IMF seeks higher taxes on solar panels, EVs in FY2027 budget
Key takeaways
- According to the Finance Ministry sources, the IMF mission concluded budget talks with Pakistani authorities and returned to Washington after discussions on tax reforms, fiscal targets and revenue measures.
- Sources said Pakistan and the IMF agreed in principle on tax measures worth Rs1,100 billion at both the federal and provincial levels for the next fiscal year.
- The federal government has assured the IMF that it will introduce 230 new taxes worth Rs370 billion in the upcoming budget, while provinces have committed to additional tax measures worth Rs430 billion.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to increase taxes on solar panels and electric vehicles (EVs) in the upcoming FY2027 budget as part of broader revenue-generation measures being discussed with the government.
According to the Finance Ministry sources, the IMF mission concluded budget talks with Pakistani authorities and returned to Washington after discussions on tax reforms, fiscal targets and revenue measures.
Sources said Pakistan and the IMF agreed in principle on tax measures worth Rs1,100 billion at both the federal and provincial levels for the next fiscal year.
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