The FBR will kick-start registration in Tajir Dost Scheme in four cities Karachi, Lahore, Peshawar Islamabad, and Rawalpindi in the first phase and the tax collection will be made effective from July 1. The notification regarding the mandatory registration of retailers has been issued. Under the scheme, the traders who pay their tax before 15 […]
The premier has established a committee to investigate the reasons behind the track and trace system’s failure, despite awarding an estimated Rs25 billion contract to a consortium consisting of M/s AJCL, MITAS, and Authentix, which largely remained non-functional. The decision marks the seriousness of the government in ending tax evasion, which is going on in […]
As per details, the Monetary Fund has asked Pakistan to end sales tax relaxation on all items including petrol. The newly elected government of Pakistan should also implement a sales tax on petroleum products along with a Rs 60 levy to increase the tax income. Earlier, the International Monetary Fund (IMF) recommended the government of […]
A new tranche of loan is likely to be received from IMF in a few days, however, we would need another program,” he said while addressing the session of the Special Investment Facilitation Council (SIFC) apex committee attended by civil-military leadership. The comments came a day after the IMF agreed to a provisional or staff-level […]
The petition was filed by PTI founder Imran Khan and party Secretary General Omar Ayub Khan and made the Election Commission of Pakistan (ECP), PML-N, PPP, and MQM-P respondents in the case. The petition demanded the formation of a judicial commission consisting of serving SC judges “holding no bias towards anyone to inquire, audit and […]
As per schedule, the talks were scheduled to conclude yesterday (Monday), but the International Monetary Fund (IMF) mission extended its stay in Pakistan by a day as both sides have been unable to develop a consensus on a staff-level agreement for the second review. Both sides will discuss the Letter of Intent today, while the […]
Citing the shortage of federal funds, the IMF asked Islamabad to revisit the NFC Award with the provinces during the second review talks under the $3 billion loan program under SBA. The sources within the government said no any recommendation on the NFC Award against the constitution will not be approved. Share of provinces under […]
According to the data released by the SBP, total liquid foreign reserves held by the country stood at $13.15 billion. Net foreign reserves held by commercial banks stood at $5.24 billion. The central bank did not specify a reason for the increase in the reserves. During the week ended on 08-Mar-2024, SBP’s reserves increased by […]
Reopening talks on the National Finance Commission (NFC) award, the International Monetary Fund (IMF) urged Pakistan on Thursday in an effort to resolve the continuous disparity in the allocation of fiscal resources between the federal and provincial governments. Nathan Porter, the IMF Mission Chief to Pakistan, expressed concerns about the allocation of resources and duties […]
The minister also said that the era of cash deposits by friendly countries and the rollovers of the external debt was over, and the country had to come out of the mindset of doing patchwork to deep-rooted economic problems. In his first interaction with a group of journalists since taking oath as the minister, Aurangzeb […]
