ISLAMABAD: The Fed­e­ral Board of Revenue and Supreme Court Bar Assoc­i­a­tion (SCBA) representatives met the International Monetary Fund (IMF) mission on Monday to discuss a host of issues ranging from the tax transformation plan and enhancing actual collection eff­orts to judicial efficiency, contract enforcement, and property rights protection.

The IMF Governance and Diagnostic Assess­ment teams are in the capital to meet competent aut­h­orities and examine the governance structure of several ministries related to fiscal policy, tax policy, corruption, procurement, audits, and anti-money laundering.

A well-placed source told Dawn that the technical team has met tax officials to review the FBR ind­igenous plan, which was approved last year by the Prime Minister to red­uce the existing tax gap, which the FBR estimates to be more than Rs7 trillion.

The IMF diagnostic evaluation is divided into four to five teams, with two members from each team for initiatives such as taxation, corruption, finance, audit, and money laundering. These teams met the relevant ministry to review their governance approach and identify any areas for improvement.

On Monday, the technical team that deals with tax got the initial briefing on the tax........

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