Rs217bn | Pakistan

• FBR ready to consider super tax recoveries on a case-to-case basis, Senate panel told • Aurangzeb says IMF mission due by month end, external financing needs fully covered. • Reveals discussions underway with UAE; currency notes being changed ISLAMABAD: Ahead of the International Monetary Fund (IMF) review mission’s planned visit this month, the government has hinted at the recovery of around Rs217 billion super tax arrears in instalments to facilitate businesses, and changing all currency notes. Testifying before the Senate Standing Committee on Finance and Revenue on Wednesday, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial expressed willingness to collect super tax arrears in instalments and clarified that the pending tax recoverable following the Supreme Court (SC) judgement in government favour was Rs217bn, not Rs300bn as speculated. The FBR chairman said the government did not want business closures for tax recoveries and would be ready to consider super tax recoveries on a case-to-ca...