Prime Minister Shehbaz Sharif will soon announce relief in power tariffs and taxes for business community, Special Assistant to Prime Minister for Industries and Production said in a meeting today. “A package will be introduced to revive sick industrial units”. He said that the revival of sick industrial units will help generate jobs. “Finance Minister […]
“An International Monetary Fund (IMF) team, led by Nathan Porter, visited Islamabad and Karachi from February 24 to March 14, 2025, to hold discussions on the first review of Pakistan’s economic program supported by the Extended Fund Facility (EFF) and on a possible new arrangement under the IMF’s Resilience and Sustainability Facility (RSF),” the IMF […]
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 […]
Sources confirm that the risk of a mini-budget has been averted with the tax reduction approval by the International Monetary Fund. Both parties have agreed on necessary amendments to the current fiscal strategy. The IMF has also demanded the elimination of tax exemptions for the wealthy, urging landlords to pay agricultural income tax and imposing […]
According to sources, the discussions are centered on implementing economic reforms, increasing revenue, and reducing expenditures. Sources revealed that the IMF has emphasized the need to boost revenue and cut costs, with a proposed tax revenue target of over Rs 15 trillion for the next fiscal year. Additionally, the tax-to-GDP ratio is expected to increase […]
The IMF’s stance comes as Pakistan seeks to secure the next $1 billion tranche under the $7 billion Extended Fund Facility (EFF). According to sources, the IMF delegation maintained that tax exemptions for international investments would hinder the country’s revenue generation. According to sources, the government had requested Gulf countries to invest in the Chaghi-Gwadar […]
Pakistan and the IMF have commenced policy-level talks for the disbursement of a $1 billion loan tranche under the ongoing loan package. The officials held a lengthy session of talks with the IMF team to cut the electricity tariff by 1.5 to two rupees per unit, according to sources. “Final decision to slash basic tariff […]
According to sources, today’s discussions focus on the National Finance Commission (NFC) and agricultural income tax, with officials briefing the IMF that there is a revenue potential of Rs300 billion from agricultural taxation. A special session on the circular debt management plan is also scheduled. Pakistan has reportedly proposed a Rs1,250 billion reduction in circular […]
According to sources, this was revealed during a meeting between Sindh’s Provincial Secretary of Finance, Fayaz Jatoi, and IMF officials in Islamabad. Sources revealed that the IMF reviewed Sindh’s economic performance over the past eight months and was briefed on the province’s revenue board’s performance. The IMF appreciated Sindh’s surplus of Rs 264 billion in […]
The federal government has abandoned plans to introduce a mini-budget for FY 2024-25, opting instead for an alternative plan to address the Rs. 605 billion shortfall, reported citing sources. According to sources, Pakistan is facing a significant financial shortfall, with a staggering Rs. 605 billion needed to meet its financial obligations. Earlier, the government was […]
