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Relief announced in budget 2018-19 to help increase tax base: Miftah

ISLAMABAD: Minister of Finance Miftah Ismail on Sunday said that relief announced in the Budget 2018-19 will help increase the tax base and give an impetus to the national growth. "Taxes in the real estate sector have also been rationalized in order to shun the undocumented economy and encourage people to declare the real worth of their properties," he said while speaking as the chief guest at a post budget seminar organized by Institute of Cost and Management Accountants of Pakistan in Islamabad on Sunday. Referring…

Tax evaders’ data will be provided to FBR: Miftah

ISLAMABAD: Advisor to Prime Minister on Finance Miftah Ismail on Sunday said the data of tax evaders identified through National Database and Registration Authority will be provided to Federal Board of Revenue within 30 days. "The decision has been taken to broaden the tax net and lessen the burden on existing tax payers," he said while talking to a news channel. To a query, he said 1.2 million people were paying tax and that the number will increase in coming days. Earlier on Saturday, Miftah Ismail chaired a…

No program to get loan from IMF in coming days: Miftah

ISLAMABAD: Advisor to Prime Minister on Economic Affairs Miftah Ismail on Saturday said the government had no programme to get loan from International Monitory Fund (IMF) in the coming days. In an interview, he said national economy was strong as compared to the past and exports were increasing while imports were decreasing for the last few months. Read More: How Pakistan’s economy fared in 2017 He said Pakistan wanted good relations with all the countries but on equal basis. To a question, the advisor said the US…