Authorities contemplating rising petroleum levy by Rs 80 on petrol and diesel – Enterprise & Financial system

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

Negotiations between the IMF and the federal government ended inconclusively, impasse stays – Enterprise & Financial system

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 couldn’t agree on new earnings tax charges on salaried and non-salaried courses, imposition of 18% … Read more

GTS 19%, extra tax on salaried, IMF fingers over finances proposals to Pakistan – Enterprise & Economic system

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

Pakistan and IMF talks enter ultimate levels – Enterprise & Economic system

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 brand new authorities coverage is prepared, the federal government must promote your complete electrical energy generated from its photo voltaic system and purchase it again at excessive price – Enterprise & Financial system

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 again 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 of … Read more

Pakistan assures IMF on tax on actual property – Enterprise & Economic system

The Worldwide Financial Fund (IMF) has expressed dissatisfaction over the steps taken to convey the true property sector underneath the tax web and has demanded further taxes on money transactions within the buy and sale of plots. In line with the sources, the mechanism of taxation on the registration of housing societies and the acquisition … Read more

Pakistan to achieve new $8 billion cope with IMF by finish of July, US Financial institution – Enterprise & Financial system

Financial institution of America expects Pakistan to achieve an settlement with the Worldwide Financial Fund (IMF) on a brand new four-year program value as much as $8 billion by the tip of July. The financial institution additionally predicted enormous returns on Pakistan’s 2027 worldwide bonds. Pakistan accomplished a $3 billion short-term standby settlement final month, … Read more

The IMF has predicted the economic growth of Pakistan to be 2 percent this year – Business & Economy

The International Monetary Fund (IMF) has released a report on Pakistan’s economy. According to the IMF report, the current fiscal year GDP rate is predicted to be 2 percent, the next fiscal year GDP rate is expected to be 3.5 percent. According to the report, unemployment rate is expected to be 8% this fiscal year, … Read more