IMF
Sindh unveils Rs3.45 Trillion Tax-Relief Budget to Stimulate Growth
KARACHI: The Sindh government has announced a pro-growth provincial budget for FY 2025–26, totaling Rs3.45 trillion, with a focus on tax relief, development spending, and…
World Bank Approves Additional $70 Million Credit
The World Bank has approved an additional $70 million credit for the Pakistan Raises Revenue project, bringing the total funding to $470 million. This financing…
Petroleum Levy in Pakistan Set to Rise Under IMF Commitments
ISLAMABAD: The federal government has announced a substantial increase in the petroleum levy in Pakistan for the fiscal year 2025-26, in line with the conditions…
IMF Raises Concerns Over Rs344Bn in Unapproved Govt Grants
ISLAMABAD: The International Monetary Fund has raised concerns over the federal government’s disbursement of Rs344 billion in grants to multiple sectors without obtaining approval from…
Govt Seeks $2B Loan to Boost Reserves to $14B
In a recent briefing to the National Assembly Standing Committee on Finance, Finance Minister Muhammad Aurangzeb revealed that the government is working to secure a…
Warning!! Budget May Increase Taxes on Food, Books, and Daily Essentials
With a record tax revenue target for FY26, the federal government is proposing tax hikes on essential items like food, books, and stationery in the…
Tax Relief on Old Car Imports Proposed in Budget Plan Sent to IMF
ISLAMABAD: The federal government has proposed significant tax relief on old car imports as part of its budget recommendations submitted to the International Monetary Fund…
Govt Keeps Small Car Tax Unchanged, Eyes Carbon Levy Instead
The federal government has decided not to increase the sales tax on motorcars with engine capacities of up to 850cc. Sources confirmed that earlier instructions…
IMF Supports Tax Cut for Salaried, Rejects Wealth Levies
The International Monetary Fund (IMF) has dismissed Pakistan’s latest efforts to introduce a capital value tax on movable assets such as “cash” and “gold,” as…
Govt Secures $2.5 Billion in Foreign Aid Commitments for Pakistan
ISLAMABAD: Pakistan secured foreign aid commitments worth $2.5 billion from development partners during the first half (July–December) of the current fiscal year 2024–25, according to…
Govt Secures Tax Relief for Salaried Class in IMF Budget Talks
ISLAMABAD: The federal government has reportedly secured income tax relief for the salaried class during ongoing budget negotiations with the International Monetary Fund (IMF), marking…
IMF Raises Concerns Over Pakistan’s Crypto Mining Power Allocation
ISLAMABAD: The IMF concerns over Pakistan crypto mining plans have escalated as the lender questioned the government’s allocation of 2,000 megawatts (MW) of electricity for…
Govt to Slap 18% Sales Tax on Imported Raw Materials in Double Tax Shock
ISLAMABAD: The Federal Board of Revenue (FBR) has confirmed that the government will soon impose an 18% sales tax on imported raw materials for exports,…
