The International Monetary Fund (IMF) has praised Pakistan for making “strong” progress in its economic reforms under the ongoing $7 billion Extended Fund Facility (EFF). IMF’s Resident Representative for Pakistan, Mahir Binici, shared these remarks during a guest lecture at the Sustainable Development Policy Institute (SDPI) in Islamabad on Sunday. Binici noted that early policy […]
International Monetary Fund (IMF)
Govt enforces asset disclosures for grade 17+ officers to meet IMF condition
In a major move to increase transparency, the federal government has made it mandatory for all civil servants in Grade 17 and above to digitally declare their own and their family’s assets. This step fulfills a key condition set by the International Monetary Fund (IMF) and marks a significant shift in accountability for public officials. […]
Pakistan tops global list for falling default risk, says Bloomberg
ISLAMABAD – Pakistan has recorded the world’s sharpest drop in sovereign default risk over the past year, according to Bloomberg Intelligence. The improvement is driven by macroeconomic reforms and successful collaboration with the International Monetary Fund (IMF). Bloomberg’s data shows Pakistan’s default probability dropped from 59% to 47% in the last 12 months—an 11 percentage […]
IMF rejects FBR’s proposal for 25% tax rebate on teachers and researchers
ISLAMABAD — The International Monetary Fund (IMF) has twice rejected the Federal Board of Revenue’s (FBR) proposal to grant a 25 percent tax rebate to teachers and researchers starting July 1, 2025. FBR Chairman Rashid Mahmood Langrial informed the National Assembly Standing Committee on Finance about the IMF’s decision on Saturday. Langrial explained that the […]
IMF allows import of 5-year-old cars with higher duties from september
The International Monetary Fund (IMF) has approved a major change in Pakistan’s car import policy. Now, vehicles up to five years old can be imported. The decision ends the earlier restriction that only allowed imports of cars up to three years old. This new policy will take effect from September 2025. The Ministry of Commerce […]
PM Shehbaz: No taxes on agriculture after IMF agreement
Prime Minister Shehbaz Sharif announced on Wednesday that the International Monetary Fund (IMF) agreed not to tax Pakistan’s agriculture sector. He shared that the government successfully convinced the IMF despite its repeated demands. During a federal cabinet meeting, he said agriculture is already under pressure and taxing it would have added more burden. The exemption […]
Govt to enforce Rs77 petroleum levy and Rs5 carbon levy from july 1
The federal government will impose a Rs77 per litre petroleum levy and Rs5 per litre carbon levy on petrol, diesel, and furnace oil from July 1, 2025. This decision is part of Pakistan’s agreement with the International Monetary Fund (IMF) under the Resilience and Sustainability Facility (RSF) to promote climate resilience and stabilize the economy. […]
Govt plans to cut taxes on used car imports in budget 2025-26
ISLAMABAD – The government is considering reducing taxes on used car imports in the upcoming federal budget. This move is aimed at making imported vehicles more affordable for the public. The plan will be part of the 2025-26 budget, which is set to be presented today. Sources say the proposal was also shared with the […]
Pakistan budget 2025: IMF blocks wealth tax, clears Rs10 billion digital tax
The International Monetary Fund (IMF) has turned down Pakistan’s proposal to impose a wealth tax and a 5% duty on one-day-old chicks. These suggestions, made by the Federal Board of Revenue (FBR), aimed to raise quick revenue but lacked broad economic logic. The IMF stressed that taxation should focus on income rather than targeting specific […]
IMF approves defence budget hike, tax cuts for salaried class in major relief move
ISLAMABAD – In a significant breakthrough, the International Monetary Fund (IMF) has agreed to two key demands from Pakistan: increasing the defence budget and providing tax relief to the salaried class, according to official sources. The government successfully convinced the IMF that rising national security needs could not be delayed. As a result, the IMF […]