Govt Seeks $2B Loan to Boost Reserves to $14B

By Huma Ishfaq ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Huma Ishfaq ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Huma Ishfaq ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Manik Aftab ⏐ 7 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

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,…

Pakistan’s Liquid Foreign Reserves Reached US$ 16,648.5 million

By Sufyan Sohail ⏐ 7 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Pakistan’s liquid foreign reserves have shown a significant upward trend, reaching US$ 16,648.5 million as of May 16, 2025. This gradual increase is achieved through…

Pakistani Govt Plans to Increase Capital Gains Tax on Property

By Sufyan Sohail ⏐ 7 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Pakistani government is considering a significant increase in the Capital Gains Tax (CGT) on real estate transactions, raising the rate from 15% to 35%…

IMF Concerned for Pakistan’s Trade Outlook Amid India Tensions

By Manik Aftab ⏐ 7 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The International Monetary Fund (IMF) has voiced concern over Pakistan’s trade outlook, warning that ongoing global tariff wars and rising tensions with India could impact…

Government Executes Rs105 Billion Deal to Swap Ownership in PSPC for Full Control of ZTBL

By Huma Ishfaq ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: The Pakistani government has approved a significant Rs105 billion transaction aimed at fulfilling its commitment to the International Monetary Fund (IMF). In this deal,…

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