Govt bid to woo IMF

The government has gone for revising the budget proposal to woo the IMF, 24NewsHD TV channel reported on Saturday.

Sources said the decision to withdraw the tax amnesty scheme has been made and it decided to levy a 3% tax on fertilizers while the FBR's tax target has been increased by Rs215 billion.

It made a decision to increase taxes for the salaried class, the sources said, adding that the FED on juices will go up to 20% and additional taxes on property sale and purchase will be imposed.

The decision to impose tax on large vehicles has been made the FBR's tax target has been increased from Rs 9200 billion to Rs 9415 billion, they said, adding that the BISP allocations were also increased.

The insiders said 1 million people will be included in the tax net in the next financial year, the insiders said adding income tax has been increased by 2.5% on annual income of more than Rs2.4 million.

It decided to impose a 5% federal excise duty on fertilizers