In a major step to revive the energy sector, the government will reduce Pakistan’s circular debt from Rs2.3 trillion to Rs561 billion. This debt cut comes after securing Rs1,275 billion from 18 commercial banks and fulfills a key agreement made with the International Monetary Fund (IMF). Officials plan to disburse the funds within this or […]
International Monetary Fund (IMF)
S&P upgrades Pakistan’s credit rating to ‘B-’, outlook stable
S&P Global Ratings has upgraded Pakistan’s sovereign credit rating from ‘CCC+’ to ‘B-’ with a stable outlook, citing improved financial stability supported by the International Monetary Fund (IMF). The rating agency stated that ongoing economic recovery and better revenue generation by the government are expected to stabilise Pakistan’s fiscal and debt indicators in the coming […]
IMF blocks tax exemption, govt cancels sugar import tender
ISLAMABAD – The government of Pakistan has cancelled a major sugar import tender after the International Monetary Fund (IMF) rejected a proposed tax exemption on imported sugar. Initially, the Trading Corporation of Pakistan (TCP) had issued a tender for the import of 300,000 metric tons of sugar, which has now been withdrawn. Instead, TCP has […]
IMF praises Pakistan’s strong economic reforms under $7 billion programme
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 […]
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. […]