GEO 436 ISLAMABAD: Finance Secretary Salman Siddiqui has said the Value Added Tax (VAT) has been withdrawn and now, the volume of tax collection will be magnified through bringing reforms in General Sales Tax (GST), Geo news reported Saturday. This he said talking to media outside parliament house. "The government aims at multiplying its income either by bringing reforms in GST or imposing VAT", he said. "There is no need to impose VAT if government succeeds in increasing income by bringing reforms in GST", he maintained. Salman Siddiqui said imposition of VAT was never a condition from IMF instead it wants Pakistani government to multiply its income in order to bring balance in payments of loans. Government of Pakistan will likely hold a meeting with IMF officials to discuss this issue in July's last week, he added.
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