The Federal Board of Revenue (FBR) has moved to enforce IMF mandates by authorizing suspending mobile phone SIM cards for 1.8 million non-filers throughout Pakistan.
This directive, endorsed by the FBR chairman, aims to enhance tax compliance and increase revenue in preparation for the upcoming IMF loan program. The FBR has prepared and dispatched lists of non-filers and relevant regulations to the appropriate authorities for further action.
Field formations have been directed to gather 2023 data on non-filers. Chief commissioners are responsible for finalizing and submitting these lists to the FBR.
In parallel, the FBR has obtained the authority to sever electricity connections for non-filers, underscoring its commitment to enforce tax laws.
Although initially set to start in January 2024, this operation has been delayed until post-Eid. This delay is expected to bolster tax revenues significantly, and help meet IMF requirements, thus strengthening Pakistan’s economic structure.
Empowered with special authorities, 145 district tax officers are set to implement this policy effectively nationwide.
IMF chief Kristalina Georgieva discussed Pakistan’s ongoing negotiations with the IMF regarding a potential follow-up program to the nine-month, $3 billion stand-by arrangement. Speaking at an Atlantic Council event, Georgieva noted Pakistan’s successful adherence to the current program and its improving economic indicators, including a build-up of reserves.
She emphasized Pakistan’s commitment to sustain this progress and its consultations with the IMF for a possible extended program while also highlighting the critical challenges that the nation still faces.
