Carbon tax on fuel proposed to placate IMF

• Insiders say move will facilitate green bonds, cheaper loans from multilateral institutions
• Withholding tax on bank transactions for non-filers likely to be hiked; carrot-and-stick approach to broaden tax base
• Fiscal adjustment of Rs1.6tr likely through additional revenue measures, privatisation

ISLAMABAD: The government is mulling a move to introduce a carbon tax on petroleum and similar products, amid a push for an integrated general sales tax (GST) from the Inter­national...