In the seven months of this fiscal year from July to January, the FBR collected Rs. 6,496 billion in taxes, missing its target of Rs. 6,964 billion by over Rs. 465 billion. Despite the shortfall, the FBR reported a 29% monthly growth in tax revenue and a 26% annual growth in the seven months from […]
The Federal Board of Revenue (FBR) is to face a revenue shortfall of over Rs 50 billion in the ongoing month of January 2025. As per details, the government is reportedly considering FED on the sugar to minimize the tax shortfall ahead of the IMF review for the second tranche of the ongoing loan program. […]
Pakistan achieved a tax-to-GDP ratio of 10.8%, exceeding the target of 10.6pc for the ongoing fiscal year, which will pave the way for Islamabad to get the second tranche of the loan program. Exclusively talking to Finance Adviser Khurram Shehzad highlighted that Pakistan’s achievement represents the highest half-yearly tax-to-GDP ratio in the past four years. […]
Speaking about the long-standing issue of peace in the Kurram region, Ali Amin Gandapur emphasized that the problem has persisted for over 50 years but assured that it is close to being resolved. “I will personally ensure its resolution,” he added. Ali Amin Gandapur remarked, “Those who lack public support cannot approach the people. We […]
Minister for Planning and Development Ahsan Iqbal was addressing a ceremony in Lahore. The Minister said the ‘Udan Pakistan’ transformation plan will help achieve sustainable economic development in the country. He said earlier PML-N governments also tried to transform the country into a sovereign nation. “Again, we are laying the foundation of the economic development […]
PTI founder Imran Khan was responding to queries from journalists at Adiala Jail during the hearing of the case. “Do you agree, the government has stabilized the economy,” the journalist asked. “Government saved the economy from the verge of default,” Imran Khan responded. Despite being saved from default, the economy is not prospering, Imran Khan […]
As per details, the PIA privatization issue was discussed in the National Assembly. Former commerce minister Naveed Qamar raised concerns about the privatization efforts, recalling a previous unsuccessful attempt during today’s NA session. “What timeline has been set for this initiative?” he inquired, adding that the privatization process needs to be carefully planned. In response, […]
According to sources, the IMF has reportedly agreed to the elimination of sales tax on aircraft purchase or lease for buyers and the settlement of equity losses for PIA privatization. With the ‘approval’ of the IMF, the intended buyers will be granted sales tax exemptions for purchasing or leasing aircraft for all routes. The removal […]
Pakistan has finalized a new financial agreement with IMF, securing a $7 billion bailout package under the Extended Fund Facility (EFF). The loan comes with a comparatively low interest rate of around 5 percent, significantly below the rates Pakistan faces on commercial borrowing. The repayment plan spans 10 years and includes a grace period. Pakistan […]
As per sources, one of the primary concerns of Pakistan is the privatization of DISCOs, which is feared to remain incomplete by January. The target to maintain foreign exchange reserves equivalent to three months of import bills by March is also at risk. The well-placed sources said that revenue targets are unlikely to be met […]
