Govt Plans Amendments to PERA to Boost Industrial Investment

By Manik Aftab ⏐ 5 months ago ⏐ Newspaper Icon 2 min read

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

By Salman Akhtar ⏐ 5 months ago ⏐ Newspaper Icon 2 min read

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

By Manik Aftab ⏐ 5 months ago ⏐ Newspaper Icon 2 min read

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

By Manik Aftab ⏐ 5 months ago ⏐ Newspaper Icon 3 min read

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

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

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

By Abdul Wasay ⏐ 6 months ago ⏐ Newspaper Icon 2 min read

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

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

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

By Huma Ishfaq ⏐ 7 months ago ⏐ Newspaper Icon 2 min read

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

By Huma Ishfaq ⏐ 7 months ago ⏐ Newspaper Icon 2 min read

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

By Huma Ishfaq ⏐ 7 months ago ⏐ Newspaper Icon 2 min read

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

By Huma Ishfaq ⏐ 7 months ago ⏐ Newspaper Icon 2 min read

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…

Govt mulls new Rs. 30b Taxes or Massive Cuts to Meet IMF Budget Terms

By Huma Ishfaq ⏐ 7 months ago ⏐ Newspaper Icon 2 min read

As the final approval for the FY2025–26 federal budget nears, the government is weighing critical fiscal adjustments to align with the International Monetary Fund’s (IMF)…

Govt Cuts Solar Panel Tax to 10% Amid IMF Deal

By Huma Ishfaq ⏐ 7 months ago ⏐ Newspaper Icon 2 min read

The federal government has agreed to cut the proposed sales tax on imported solar panels from 18% to 10%, following strong resistance from coalition partners…

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