According to sources, this program aims to help Pakistan address the impacts of climate change, which have resulted in staggering economic losses, including a $30 billion loss two years ago. Sources revealed that the new loan program will focus on reducing the effects of climate change and supporting Pakistan’s climate goals. The IMF will also […]
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 […]
As per details, the Planning Commission approved new development projects and issued a scorecard that will limit the PSDP for the next fiscal year. The PSDP will include priority projects, and only 10% of new development projects will be allowed in the next fiscal year. The Planning Commission has also issued guidelines based on the […]
The prime minister made these opening remarks at the meeting of the federal cabinet chaired by him. The premier briefed the cabinet about his interaction with the Managing Director of the International Monetary Fund (IMF) in Dubai who appreciated Team Pakistan for its commendable efforts in implementing the IMF program and amicably achieving economic indicators. […]
A mission of the International Monetary Fund (IMF) has been on a visit to Pakistan to conduct a Governance and Corruption Diagnostic Assessment (GCDA), the Ministry of Finance earlier said in a statement. The IMF delegation was briefed that the Parliament has been the major forum of audit and accountability in the public sector and […]
Chief Justice Yahya Afridi, talking to the media said that the visiting team of the International Monetary Fund (IMF) was told “We have taken the oath of the independence of the judiciary”. “The delegation was informed,” It is not our job to brief you all details”. The IMF team was briefed on the agenda of […]
According to sources, consultations have begun on a draft aimed at declaring the assets of government officials. A revised draft of the Civil Servants Act will be presented to the IMF by February, sources revealed. However, legislation related to asset declaration is unlikely to take place until after February, according to government sources. The IMF’s […]
The South Asian nation needs to repay over $22 billion in external debt in the fiscal year 2025, including nearly $13 billion in bilateral deposits, Fitch said. “Securing sufficient external financing remains a challenge, considering large maturities and lenders’ existing exposures,” said the credit ratings agency. Last month, the country agreed on a $1 billion […]
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. […]
