Speaking on the’ morning show Bakhabar Savera, Suneel Sarfaraz Munj stated that such expectations surface every year ahead of the budget but rarely materialize. He warned that the proposed imposition of a carbon tax and an increase in the petroleum levy would disproportionately burden the general public. “These measures will haunt the everyday consumer,” he […]
According to details, the premier has proposed a Rs250 billion cut in FBR’s tax collection target for the next budget. Efforts are underway to persuade the IMF to accept this revision. Sources revealed that FBR has formally requested to lower its tax target from Rs14,307 billion to Rs14,057 billion. The rationale behind the proposal is […]
According to sources, the IMF made this demand during virtual discussions with provincial governments, focusing on expenditure plans for the 2025-26 fiscal budget, with provinces actively participating in these sessions. The IMF proposed that provinces eliminate their dependence on federal funds by independently raising resources, including enforcing an income tax on agricultural earnings exceeding PKR […]
According to sources, the proposed measure could raise the CGT rate on property sales by 20 percent, potentially escalating from the existing 15 percent to as much as 35 percent. This adjustment aims to bring real estate taxation in line with corporate sector rates, addressing the sector’s untapped revenue potential. The proposal emerged during the […]
AVM Aurangzeb Ahmed was one of the most searched individuals in Pakistan, with 2.02 mln searches on Google. During a series of press conferences following Indian aggression, AVM Ahmed explained the operational details of Pakistan’s retaliatory actions with clarity and poise. His respectful yet witty remarks about the Indian Air Force (IAF) gained immense traction […]
According to the sources, the IMF has transferred $1 billion to the State Bank of Pakistan (SBP) as part of the current agreement. The inflow will be reflected in the central bank’s foreign exchange reserves on May 16. The disbursement follows the IMF Executive Board’s approval of the loan tranche on May 9, marking a […]
Following this significant jump, the index reached an unprecedented level of 117,104 points, marking one of the largest single-day gains in the market’s history. Due to the extraordinary surge, trading was temporarily halted for one hour as a precautionary measure, in line with standard market volatility protocols. The market experts are saying the investors are […]
During the meeting, the IMF board is expected to approve a disbursement of $1.1 billion for Pakistan under the ongoing financial program. According to the IMF statement, the first Review under the Extended Arrangement under the Extended Fund Facility, the request for modification of performance criteria, and the request for an arrangement under the Resilience […]
In a statement, the IMF spokesperson said, “We hope issues between Pakistan and India are resolved peacefully and that tensions subside.” The spokesperson further confirmed that the IMF Executive Board will convene on May 9 to review Pakistan’s funding request, adding, “This meeting will assess progress under Pakistan’s economic reform program.” The IMF reiterated its […]
The visiting delegation was led by Ms. Esperanza Jelalian, Vice President of the US-Pakistan Business Council, and comprised senior representatives of prominent American companies and major investors active in Pakistan. Finance Minister Aurangzeb appreciated the continued interest and investments by US companies in Pakistan’s economy, and highlighted the vast potential for expanding economic cooperation between […]
