ISLAMABAD: The government has reached an agreement with the International Monetary Fund (IMF) to reduce Pakistan’s tax collection target by Rs150 billion, official sources confirmed on Thursday. According to Federal Board of Revenue (FBR) officials, the target has been revised down from Rs14.131 trillion to Rs13.981 trillion for the current fiscal year. The IMF, however, has […]
Fiscal Policy
IMF Raises Concern Over $6 Billion Annual Trade Data Discrepancy in Pakistan
ISLAMABAD – The International Monetary Fund (IMF) has raised concerns over a $6 billion annual discrepancy in Pakistan’s trade data during staff-level discussions for the $7 billion loan agreement, highlighting inconsistencies that have alarmed policymakers. According to official sources, the Pakistan Bureau of Statistics (PBS), which operates under the Ministry of Planning, has so far […]
Pakistan Eyes IMF Staff-Level Agreement During Aurangzeb’s US Visit
ISLAMABAD: Authorities are optimistic about concluding a staff-level agreement (SLA) with the International Monetary Fund (IMF) during Finance Minister Muhammad Aurangzeb’s upcoming visit to the United States. The agreement hinges on consensus regarding Pakistan’s external account and the verification of flood-related losses and their fiscal distribution among federal and provincial accounts. Officials confirmed that the […]