As per details, IMF experts will begin reviewing the performance of various departments of the Pakistan government, starting today. The preparation of this Governance and Corruption Diagnostic Assessment Report is a key target of the ongoing loan program between the IMF and Pakistan. The IMF delegation will assist Pakistan in matters related to governance and […]
As per details, the premier has formed a three-member committee to investigate the matter and identify those responsible for the failure to obtain the private Hajj quota in time. The committee, headed by the Secretary of the Cabinet Division, includes the Chairman of the Federal Board of Revenue (FBR) and the Federal Secretary of Gilgit-Baltistan. […]
As per details, the Large Tax Office (LTO) of the Federal Board of Revenue (FBR) has launched an operation against tax evasion and sealed three outlets selling luxury watches for non-compliance with the Point of Sale (POS) system. According to FBR sources, the LTO team has seized business records from these outlets. The tax filers […]
As per details, the Federal Board of Revenue (FBR) has fulfilled another condition set by the International Monetary Fund (IMF) as it has decided to monitor production in the industrial sector. According to the FBR, electronic video surveillance will be implemented to track the production of goods. A digital eye software will be installed for […]
The successful talks could lead to the release of the next $1 billion tranche from the IMF for Pakistan. A presentation was given to the IMF delegation led by Nathan Porter, over economic indicators from July to February. Pakistan’s delegation headed by Finance Minister Muhammad Aurangzeb briefed the IMF team about fiscal deficit, primary balance, […]
The delegation will hold talks with Pakistani officials in Islamabad, with the discussions expected to continue until March 15, the sources said. A meeting between the delegation and representatives of the finance ministry began in Islamabad. The negotiations will take place in two phases: technical discussions in the first phase, followed by policy-level talks in […]
The summoned customs officers include Additional Collector Wajid Zaman, Assistant Collectors Usama Dastagir and Fahad Khan, Superintendent Babar, Inspector Ahsan, and Inspector Wali Raza. Notably, the special advisor to the finance minister and former collector Asif Hargan’s driver has also been called for questioning. The customs officers and personnel are accused of running a vehicle […]
While speaking to prominent businessmen and industrialists in Islamabad, PM Shehbaz said that the government is actively working to implement business-friendly and investor-friendly policies in the nation. The prime minister said the Special Investment Facilitation Council has given investors and the business community a straightforward platform where services are offered through a single point of […]
According to sources, PM Shehbaz has tasked the Privatization Commission to accelerate the process. The government has also decided to improve PIA’s financial health before the privatization. Additionally, the government plans to reopen routes to the United States, with security audits set to be conducted in collaboration with the US Federal Aviation Authority. American experts […]
As per details, the government has separated tax policy formulation from tax collection to enhance transparency and efficiency. Under the new law, FBR will now focus solely on tax collection and implementation rather than policymaking. The new Tax Policy Office will report directly to the Finance and Revenue Minister and will be responsible for developing […]
