Fund to review FBR’s performance under SBA

The Federal Board of Revenue (FBR) will resume virtual talks with the International Monetary Fund (IMF) on Monday to review revenue collection performance in the first two months of the current fiscal year, as well as projections for the coming months, a senior government official told Dawn on Saturday. The IMF team will discuss the performance of the FBR and revenue measures taken in March, followed by further tax measures in the last budget. “We will brief the IMF team on the revenue performance of first two months — July and August,” the official said. In July 2023, the lender’s Executive Board had approved a nine-month Stand-By Arrangement (SBA) for Pakistan for an amount of $3 billion to support the country’s economic stabilisation programme. This meeting on revenue performance, according to the official, is part of the SBA.