International Monetary Fund urges overhaul of Pakistan's tax system

Islamabad [Pakistan], May 13 (ANI): The International Monetary Fund (IMF) has urged the Federal Board of Revenue (FBR) to revoke the discretionary powers held by the Board and the cabinet in granting tax incentives. Additionally, it calls for amendments in tax laws pertaining to NGOs, charitable organisations, and taxed pensioners, Geo News reported.

Concerning pensions, the IMF suggests either taxing pension contribution