No additional burden on existing taxpayers: Hafeez.

ISLAMABAD -- The government on Tuesday said it was trying to absolve existing taxpayers from any additional burden as a visiting staff mission of the International Monetary Fund (IMF) planned to brief a joint session of the standing committees of both parliament houses about the status of its $6 billion support package on November 6.

Speaking informally to journalists here after a meeting with the IMF mission, Finance Adviser Dr Abdul Hafeez Shaikh said the national economy was witnessing stability following corrective measures introduced by the government to address key challenges.

The meeting was led by Mission Chief to Pakistan Ramirez Rigo Ernesto and attended by State Bank of Pakistan Governor Dr Reza Baqir, Secretary Finance Naveed Kamran Baloch and Federal Board of Revenue Chairman Shabbar Zaidi besides other senior officials.

Visiting IMF team will brief parliament on economy

He said the IMF delegation was currently reviewing quarterly economic performance and had expressed confidence over the government's economic policies, including increase in revenues and reduced expenditures.

According to him, the two sides discussed tax collection and the government was taking steps for improvement of infrastructure and trying to ensure that taxpayers do not face further tax burden.

Responding to a question, Shaikh said the government had made remarkable progress in ease of doing of business that had been recognised by global institutions and had also extended an incentive package to the export sector to revive it.

Separately, the Senate Standing Committee on Finance led by PPP Senator Farooq H Naik was told that IMF had allocated about one-hour interaction with its members and those of national assembly's body on finance and revenue on Nov 6.

This will be perhaps be the first time that IMF mission would hold a joint...

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