Islamabad, March 22 -- The International Monetary Fund (IMF) has proposed a tax target of over Rupees 15 trillion for Pakistan in the next budget, as reported by ARY News citing sources.

As per the sources referred to by ARY News, the IMF and Pakistan are holding virtual talks, with 85 per cent of the discussions being completed successfully. The talks are focused on finalising the details of the next budget, which is expected to be presented in the National Assembly soon.

According to ARY News, the new budget is expected to increase the tax-to-GDP ratio to 13 per cent and collect Rs 2,745 billion in non-tax revenue. The government is also expecting the economy to grow by over 4 per cent in the next fiscal year, driven by increased inve...