Pakistan is likely to introduce mini budget as the Federal Board of Revenue (FBR) is facing difficulties in achieving its tax collection targets.
According to sources, FBR needs to collect Rs2,654 billion in taxes for the first quarter of the fiscal year 2024-25, with Rs 1,190 billion required in September 2024 alone.
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If FBR fails to meet the target by the end of the first quarter (July-September), the International Monetary Fund (IMF) may push Pakistan for a mini budget in order to seal $7bln loan deal, the sources said.
The government is reportedly considering several measures to boost tax collection, including stricter enforcement against defaulters and possible amendments to the Finance Bill.
