Islamabad: (RightNow). The government decides to impose income tax on farmers to satisfy IMF demands. The tax will target the agricultural sector to fulfill financial fund requirements.

The government has begun working with provinces on an alternative plan for collecting agricultural income tax. This step is deemed necessary to meet the tax collection targets.

Sources indicate the government has set a deadline of September 30, 2026, for provinces to collect agricultural income tax. The aim is to achieve tax return targets.

This decision is crucial for completing the financial agreement with the IMF. It could have positive or negative impacts on the economy, affecting financial stability.

It is noteworthy that the IMF has bound Pakistan to several financial reforms, including increased tax collection. The government has taken various steps to implement these reforms.