| Sourced From Thenews.com |
ISLAMABAD: Paul Ross, the resident chief of the International Monetary Fund (IMF) in Pakistan, said on Monday that the imposition of fixed carbon surcharge on petroleum products was the choice of the government to generate revenues and the IMF did not impose it as a condition under the standby arrangement (SBA).
Talking to a selected group of journalists at a seminar organised by the NUST Business School (NBS) on global financial crisis and role of the IMF, he said the Fund would pursue Pakistans tax authorities to move towards the Value Added Tax (VAT) mode from thefiscal year 2010-11.
He confirmed Pakistan and IMF authorities would hold talks by early July in Dubai to review the steps taken by the government in the budget 2009-10. However, he appeared reluctant to reply questions pertaining to the budget, especially on governments efforts to broaden the tax base.
Earlier, addressing the seminar, Paul Ross said IMFs programme was successful because it encouraged Islamabads development partners to make over $5 billion pledges during the Tokyos conference.
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Ben Petersen
on Nov 22nd, 2009
@ 9:34 am:
Please contact me at [email protected] for further information
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