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 […]
International Monetary Fund (IMF)
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 […]
Govt may hike tax on bank profits to fund relief for salaried class
In an attempt to offer some relief to the salaried class, the Federal Board of Revenue (FBR) is considering increasing tax on interest income by 2%. This tax would apply to interest earned from commercial banks and savings schemes. The proposal is part of budget discussions for the fiscal year 2025–26 and is under review […]
IMF puts Pakistan on the spot over crypto mining and AI energy use
Islamabad: The International Monetary Fund (IMF) has expressed serious concerns over Pakistan’s decision to allocate electricity to Bitcoin mining operations and Artificial Intelligence (AI) data centers without prior consultation. The move has triggered questions about transparency and compliance with the conditions of the ongoing IMF loan program. Sources say the IMF was not informed in […]
Govt confirms june 10 budget date amid holiday schedule concerns
The Government of Pakistan has confirmed that the 2025–26 federal budget will be presented on June 10 as originally planned. Finance Secretary Imdadullah Bosal dismissed all rumors about a possible delay, calling them baseless. He clarified that there is no change in the budget date, and all preparations are moving forward with guidance from the […]
IMF calls for end to corruption and overreach in Pakistan’s policy making
The International Monetary Fund (IMF) has called for reducing corruption and unnecessary external influence in Pakistan’s policy-making and implementation processes. In a new directive, the IMF emphasized the need for Pakistan to fully implement the governance framework for state-owned enterprises (SOEs), ensuring transparency and accountability in all public institutions. The IMF specifically highlighted the importance […]
IMF demands crackdown on tax evaders, proposes tough budget measures
The International Monetary Fund (IMF) has asked Pakistan to take strict steps against tax evaders. It wants the government to increase its revenue through better tax enforcement and policy reforms. According to sources, the IMF shared several suggestions to control tax evasion and bring more transparency into the tax system. These proposals are expected to […]
Pakistan shares Rs3 trillion gas sector circular debt plan with IMF
The Pakistani government has formally presented a comprehensive plan to the International Monetary Fund (IMF) aimed at eliminating the mounting Rs3 trillion circular debt in the gas sector. This initiative is part of the country’s upcoming budget preparations and a broader effort to stabilize the energy sector. According to official sources, the Petroleum Division crafted […]
IMF projects single-digit inflation for Pakistan over next six years
The International Monetary Fund (IMF) has projected that Pakistan’s average inflation will remain in single digits over the next six fiscal years, marking a significant improvement from the country’s previous inflationary challenges. IMF expects average inflation for FY2024-25 to stay around 5.1%, notably lower than the government’s target of 12%. This sharp contrast highlights the […]