KARACHI: The Sindh government has urged the federal government to announce the wheat support price, recommending Rs4,200 per maund. Sindh’s Agriculture Minister, Sardar Muhammad Bux Mahar, said that under IMF conditions, provinces cannot set the support price without approval from the federal government. He warned that farmers are under financial pressure due to the delay … Read more
Finance Minister Muhammad Aurangzeb stated in an interview with CNBC during the 2025 Annual Meetings of the World Bank and IMF that ongoing structural reforms in Pakistan have the potential to set the country on a path of rapid and sustainable growth, similar to the “East Asia Movement.” The minister highlighted that Pakistan has made … Read more
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has departed for the United States to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank Group. During his visit, the finance minister will represent Pakistan at the plenary sessions of both the IMF and World Bank. Senator Aurangzeb is … Read more
ISLAMABAD: Pakistan has agreed to another major condition set by the International Monetary Fund (IMF), moving closer to progress in the ongoing economic review talks. According to official sources, the government has accepted the IMF’s demand to make the assets of public officials available to the public. To implement this, the Federal Board of Revenue … Read more
Bloomberg has ranked Pakistan as the world’s second-most-emerging economy, praising its steady progress and improving financial stability. According to the latest Bloomberg report, Pakistan is the only country showing consistent economic improvement over the past 15 months. The report noted a major decline in bankruptcy risks, recording an improvement of 2,200 points in default probability. … Read more
The International Monetary Fund (IMF) has asked Pakistan to provide detailed information about the tax exemptions given in different sectors. The ongoing talks between Pakistan and the IMF will continue into the second week. According to sources, the IMF has requested a full briefing on the tax reliefs granted by the government. Officials from the … Read more
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have started their second round of review talks on the ongoing loan program. The discussions are focusing on revenue shortfalls, unresolved tax cases, and fiscal reforms, sources told on Friday. According to officials from the Federal Board of Revenue (FBR), the IMF was briefed on why tax … Read more
NEW YORK/ ISLAMABAD: Prime Minister Shehbaz Sharif held a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. The Prime Minister appreciated the IMF’s longstanding and constructive partnership with Pakistan and acknowledged the Fund’s support through various initiatives. He noted that the country’s economy is showing positive signs of stability as a result of … Read more
ISLAMABAD: Pakistan is confident it will meet a key International Monetary Fund (IMF) condition by securing timely loans and rollovers from friendly countries, official sources said on Thursday. According to the Ministry of Finance, the government expects $12 billion in deposits from allied nations to be rolled over without delay. Saudi Arabia, China, and the … Read more
ISLAMABAD: A delegation from the IMF will arrive in Pakistan on September 25 to conduct the second economic review under the Extended Fund Facility (EFF). The visit, which will continue until October 8, is seen as a crucial step toward unlocking the next $1 billion tranche of the $7 billion loan program. According to official … Read more
ISLAMABAD: Pakistan has fulfilled another condition set by the International Monetary Fund (IMF) by extending the maturity period for domestic and foreign debt repayments. According to IMF requirements, a deadline has been set to implement the new average maturity period by 2028. Under the plan, the average maturity period for domestic debt will be extended … Read more
ISLAMABAD: The International Monetary Fund (IMF) has asked the government of Pakistan to submit a detailed plan to eliminate circular debt in the gas sector. Official sources confirmed, circular debt in the gas sector has surged to a staggering Rs 2,800 billion, causing significant financial strain on Sui gas companies and other state-owned oil and … Read more
Islamabad: Pakistan is expected to repay more than $23 billion in external debt obligations during the current fiscal year, according to sources familiar with the matter. Of this amount, approximately $12 billion comprises deposits held in two different categories, with hope that friendly nations will grant rollover agreements to avoid immediate repayment. The remaining $11 … Read more
ISLAMABAD: Prices of petroleum products have risen by up to Rs29.71 per litre over the past one and a half months, adding to the financial burden on consumers. Since June 1, the federal government has increased fuel prices four times, reflecting the ongoing volatility in global oil markets and domestic economic pressures. In just a … Read more
ISLAMABAD: The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to grant tax exemptions and subsidies on imported sugar. According to news, which cited sources on Tuesday, the IMF warned that these measures could jeopardize the ongoing $7 billion loan program. According to official sources, the IMF has opposed the government’s plan to … Read more
ISLAMABAD: The federal government complied with another IMF condition on Saturday by mandating all government officers in Grade 17 and above to publicly declare their assets, a News source reported. The government has officially issued a gazette notification for the Civil Servants (Amendment) Bill, 2025, after President Asif Ali Zardari approved it. The bill aims … Read more
ISLAMABAD: The federal government has reached an agreement with the International Monetary Fund (IMF) to reduce the income tax rate to just 1% for individuals earning up to Rs 100,000 per month. This revision comes following a special directive from Prime Minister Shehbaz Sharif, who emphasized providing relief to the salaried class. Initially, under the … Read more
ISLAMABAD: The federal government has agreed to reduce the proposed sales tax on solar panel imports from 18% to 10%, following negotiations with coalition partners and in compliance with the International Monetary Fund (IMF) agreements. The lawmakers had initially demanded a full exemption, advocating for a zero-rated tax regime on solar panels. However, due to … Read more
The government of Pakistan and the International Monetary Fund (IMF) have reached an agreement to lift the ban on the import of used vehicles. According to details, major changes are expected in the policy regarding used car imports in the upcoming federal budget. The government and the IMF have agreed to end restrictions previously imposed … Read more
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif reaffirmed his government’s commitment to fast-track institutional reforms alongside macroeconomic stabilization. The Prime Minister expressed these remarks during high-level meeting with a delegation from International Monetary Fund (IMF) led by Jihad Azour at the PM’s Office. “With the grace of Allah, Pakistan is now moving from economic stability toward … Read more
KARACHI: Pakistan received the second tranche of Special Drawing Rights (SDR) 760 million, equivalent to $1.02 billion, from the International Monetary Fund (IMF). The State Bank of Pakistan(SBP) confirmed that the Pakistan SBP has received 2nd tranche from IMF under Extended Fund Facility (EFF) program. IMF Executive Board completed the first review under the EFF … Read more
The federal government is working on a much-needed tax relief plan for the salaried workers in the upcoming 2025-26 budget, aiming to ease the burden on middle-income earners. Insiders reveal that the proposal includes reducing income tax rates across all brackets and significantly raising the tax exemption threshold. Currently, individuals earning up to Rs. 600,000 … Read more
ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb concluded the fourth day of his visit to Washington, D.C, for the spring meetings of the International Monetary Fund (IMF) and the World Bank with a series of constructive meetings with key financial institutions, rating agencies, and global corporations. The Finance Minister started his engagements by meeting … Read more
The International Monetary Fund (IMF) has lowered Pakistan’s economic growth forecast to 2.6% for the current fiscal year, down from its earlier prediction of 3%. This change comes as part of a broader update to global economic projections, which have been affected by trade uncertainties, including those caused by US President Donald Trump’s tariff policies. … Read more
ISLAMABAD: The International Monetary Fund (IMF) lowered Pakistan’s growth forecast to just 2.6% for the current fiscal year. The IMF released an update to its World Economic Outlook, in which the IMF has further reduced Pakistan economic growth rate estimate for the current this year. The IMF has lowered Pakistani’s economic growth forecast from 3% … Read more
ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb discussed economic stability, reforms, investment opportunities, climate challenges, and trade during a series of high-level meetings in Washington. The finance minister is in Washington for the annual spring meetings of the International Monetary Fund (IMF) and the World Bank. The minister participated in the G-24 Finance Ministers … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif called upon the Federal Board of Revenue (FBR) officers to work with unwavering commitment and full dedication to help Pakistan becoming a debt-free country. He was speaking at a ceremony in Islamabad where he launched a new Performance Management System for FBR officers. “If we want to move away from … Read more
ISLAMABAD: Pakistan will miss the July 2025 deadline set by the International Monetary Fund (IMF) for privatising Pakistan International Airlines (PIA), news reported on Friday. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, confirmed that the PIA privatisation process will not be completed within the IMF’s stipulated timeframe. … Read more
