Finance Minister Muhammad Aurangzeb held a virtual meeting with the representatives of Fitch Ratings and told them that tax net is being expanded, so far around one and a half lakh businessmen have registered themselves in tax net for the first time. It will increase its revenues to 1.5 percent of GDP in fiscal year … Read more
Old photos of a rickshaw driver in Pakistan are going viral once more on social media, which was exposed in a public place. The images are accompanied by false claims that the rickshaw driver stripped off his clothes in protest following a hefty ‘electricity bill’ in July 2024. It should be noted that the government … Read more
The IMF and Pakistan have reached a staff-level agreement for a loan of 7 billion dollars, which is pending approval from the IMF Executive Board, while the Federal Finance Minister has announced to bring structural reforms. The IMF agreed to a loan program for 37 months. According to the ongoing declaration of the International Monetary … Read more
Native English newspaper “D Information” has claimed that the federal authorities is contemplating rising the petroleum levy on petrol and diesel from Rs 60 to Rs 80 per litre. In accordance with the newspaper report, prime officers are additionally mulling imposing one other levy on petroleum merchandise and rising the fuel tariffs of fuel corporations … Read more
One other spherical of talks between the Worldwide Financial Fund (IMF) and Pakistan has ended inconclusively whereas the impasse stays within the negotiations between the events. In line with sources within the Ministry of Finance, within the negotiations, the events mightn’t agree on new earnings tax charges on salaried and non-salaried courses, imposition of 18% … Read more
The Worldwide Financial Fund (IMF) has shared draft proposals for the settlement with Pakistani officers. Pakistan’s financial staff has began finalizing the preparation of the federal finances for the following fiscal yr within the context of the circumstances imposed by the IMF for the brand new mortgage program. Within the finances of the following fiscal … Read more
Negotiations for a brand new mortgage program between Pakistan and the Worldwide Financial Fund (IMF) have entered the ultimate levels. Technical stage talks had been held between Pakistan and IMF earlier however now coverage stage talks are happening. On this regard, the sources mentioned that the IMF is below stress to make robust financial selections … Read more
The federal authorities determined to finish photo voltaic internet metering and change it with a gross metering system to discourage using photo voltaic vitality and power shoppers once more to unaffordable grid system electrical energy. Is. The Ministry of Vitality has knowledgeable the Worldwide Financial Fund (IMF) that internet metering is consuming into the revenues … Read more