During the ongoing budget negotiations between Pakistan and the International Monetary Fund (IMF), the global lender has strongly pushed for the imposition of a carbon levy on petrol, diesel, and vehicles with internal combustion engines, sources revealed on Tuesday. The IMF has proposed that if Pakistan opts not to implement the carbon levy directly on […]
According to sources, the IMF demanded details on the pricing of cryptocurrency mining power supply. During ongoing budget negotiations for the fiscal year 2025-26, the IMF instructed Pakistan to avoid offering subsidized rates for the electricity allocated to crypto mining and artificial intelligence (AI) data centers, emphasizing fiscal discipline, sources added. Pakistan’s government is making […]
FBR Chairman announced during a meeting of the National Assembly’s Standing Committee on Finance. Arif noted that the rebate, which had been overlooked previously, was later approved by the federal cabinet and will be incorporated into the Finance Bill for the upcoming fiscal year to provide relief to educators. A representative from the Ministry of […]
As per details shared by sources, the premier has directed authorities to complete the process either through full privatization or by transferring management of the DISCOs to the provinces. The directive comes in light of International Monetary Fund (IMF) conditions, which require Pakistan to complete pre-privatization measures by January 31, 2025, as part of structural […]
The officials likely to discuss circular debt of the gas sector in the talks, sources said. “Pakistan’s officials will present the plan for ending the gas sector’s circular debt in virtual talks,” sources shared. Gas sector circular debt has been around Rs 2800 billion. A suggestion to reduce the gas circular debt with dividend expected […]
The IMF reportedly raised objections to several government proposals, particularly additional power subsidies for domestic consumers. It also dismissed the government’s plan to reduce electricity tariffs for industrial users, demanding the timely tariff hikes during the next fiscal year. IMF emphasized the need to implement a comprehensive plan to eliminate circular debt in FY2026. This […]
The staff visit focused on recent economic developments, program implementation, and the budget strategy for fiscal year (FY) 2026. At the end of the visit, Porter said in a statement, “We held constructive discussions with the authorities on their FY2026 budget proposals, as well as the broader economic policy and reform agenda supported by the […]
According to the report, the inflows include $14.1 billion comprising funding from the International Monetary Fund (IMF) and the rollover of deposits by friendly countries such as Saudi Arabia, the United Arab Emirates, and China. The documents reveal that Pakistan secured over $6 billion in external funds during the ten months, including $5.92 billion in […]
Minister of State for Climate Change & Environmental Coordination Dr. Shezra Mansab Ali Khan Kharal introduced the bill in the Senate. The proposed legislation is aimed at making it mandatory for civil servants in grade 17 and above to declare their domestic and foreign assets, as well as those of their spouses and children, to […]
During a press briefing, an Indian journalist had asked Kozack whether Pakistan could use IMF funds to support cross-border terrorism. Julie Kozack categorically rejected the notion, stating that the IMF loan program is strictly for supporting Pakistan’s foreign exchange reserves and not for budgetary support or any government expenditure. She clarified that the IMF loan […]
