PM Shehbaz Sharif has directed that there should be no increase in power tariffs for those consuming 200-unit monthly consumers. Sources from the Prime Minister’s Office have indicated that Shehbaz Sharif has rejected the economic team’s proposal to increase electricity rates for protected consumers. Instead, a subsidy will be provided to these consumers, ensuring that […]
According to sources, FBR has decided to introduce a single sales tax return for all businesses, whereas supply monitoring will be conducted for unregistered businessmen. Sources said that the Track and Trace system will also be implemented in the tiles sector, and the FBR may grant additional powers to the Director General of Digital Invoices. […]
The IMF delegation, led by Mission Chief Nathan Porter, visited Pakistan and held extensive negotiations from May 13 to May 23 to discuss the country’s economic improvements. The statement highlights that the Pakistani government is seriously increasing revenue and emphasizes the need for fair tax collection from privileged sectors. The International Monetary Fund (IMF) mission […]
IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities on Thursday after arriving in Pakistan on May 13, the lender said in a statement. “The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalize discussions, including the financial support needed to underpin the authorities’ […]
IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities on Thursday after arriving in Pakistan on May 13, the lender said in a statement. “The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalize discussions, including the financial support needed to underpin the authorities’ […]
The Ministry of National Health Services, Regulations and Coordination (NHS, R&C) official, the government has proposed an 18 percent sales tax on medicines in the next budget on the recommendation of the International Monetary Fund (IMF). Experts warned that medicine prices will become out of reach for many people with the imposition of 18 percent […]
the plan aims to reduce expenditures in the next fiscal year, with the federal government not establishing any new universities and provinces funding varsity under their jurisdiction. In the next fiscal year, a contributory pension scheme is planned for all departments, except defense and police personnel. The scheme came as the global lender has asked […]
When asked about the staff-level agreement, IMF Communication Director Julie Kozack – while addressing a press briefing – avoided answering, indicating that the negotiations are still ongoing. “Right now, a mission team led by Nathan Porter is meeting with Pakistan authorities this week to discuss the next phase of our engagement.” She said: “On April […]
In its staff report for the second and final review under the recently-concluded $3-billion Stand-By Arrangement, the IMF said Pakistan should be able to meet its fiscal year 2023-24 circular debt management plan (CDMP) target of Rs2.3 trillion with zero net zero stock accumulation. “Timely notification of the FY25 annual rebasing will be critical to […]
According to reports from the finance ministry, Pakistan is planning to seek an extension on a $12 billion loan from friendly nations to manage its financial needs for the fiscal year 2024-25. The breakdown of the requested extension includes $5 billion from Saudi Arabia, $4 billion from China, and $3 billion from the United Arab […]
