IMF
Govt Clears Import of 5-Year-Old Used Cars at 40% Duty
The government has cleared the commercial import of used cars up to five years old, subject to an additional 40% duty. The decision, taken by…
Pak Car Manufacturers Given Oct Deadline to Align with Global Safety Measures
Starting in October, local car safety standards will undergo a major transformation as the government enforces 57 international benchmarks on locally manufactured vehicles. The move…
Govt Plans Amendments to PERA to Boost Industrial Investment
The federal government is planning significant amendments to the Protection of Economic Reform Act (PERA) 1992 to provide stronger protection for foreign exchange remitted from…
Pakistan Govt Questions IMF’s Draft Report on Corruption Issues
The federal government has formally signalled that Pakistan challenges International Monetary Fund’s (IMF) findings in the draft Governance and Corruption Diagnostic Assessment and it is…
Pakistan Sees 59% Jump in July Foreign Inflows
Pakistan began the new fiscal year with a strong rise in foreign inflows, recording $695 million in July, marking a 59 percent increase compared to…
Govt Announces 40% Tariff on Used Car Imports
The government has announced that a 40% tariff will be applied on used car imports starting next month, a step aimed at shielding local manufacturers…
IMF Delegation Visit to Pakistan Set for Next Economic Review
The federal government has confirmed that an IMF delegation visit to Pakistan is scheduled for the upcoming economic review, with preparations now finalized. Federal Finance…
Moody’s Upgrades Pakistan’s Credit Rating as Economic Reforms Bear Fruit
Moody’s Investors Service has upgraded Pakistan’s local and foreign currency ratings from Caa2 to Caa1, citing an improving external position and progress under the IMF’s…
Govt Plans Gradual Cut in Super Tax for Manufacturing Sector
The government is preparing to slash the super tax for the manufacturing sector as part of its new industrial policy, aiming to reduce the rate…
Govt to Cut Solar Returns, Offer Surplus Power to Industries
Pakistan’s Power Division is working on a proposal to reduce financial returns on solar net metering, making it harder for solar panel owners to recover…
IMF Rejects Pakistan’s Subsidy Plan for Crypto and Data Centers
The International Monetary Fund (IMF) has rejected Pakistan’s plan to offer subsidized electricity rates to crypto mining operations, data centers, and heavy industries. The proposal,…
SBP Buys $6.8B to Boost Reserves, Repay Debt
The State Bank of Pakistan (SBP) has made a significant move to stabilize its foreign reserves by purchasing $6.8 billion from the interbank market between…
IMF approves import of 5-Year-Old vehicles in Pakistan
In a major policy shift, the International Monetary Fund (IMF) has approved the federal government’s proposal to allow the import of five-year-old vehicles starting September…
