Islamabad, July 18, 2024: The government of Pakistan is set to finalize the abolishment of five ministries, including the Ministries of Information Technology (IT), Industry and Production, Health, Kashmir Affairs, and States and Frontier Regions (SAFRON), by July 30. According to sources, discussions are ongoing regarding the future of the employees from these abolished ministries,…
Islamabad, July 11, 2024: During negotiations with the International Monetary Fund (IMF), Pakistan has agreed to impose a tax on agricultural income. Officials from the International Monetary Fund (IMF) held virtual negotiations with provincial officials of Pakistan regarding the new loan program. Sources indicated that the IMF urged provincial authorities to impose a tax on…
Islamabad, May 12, 2024 : Pakistan Government to Likely Eliminate Tax Exemptions in FY2024-25 Budget at IMF’s Request. Budget proposals for FY2024-25 suggest Pakistan’s plan to gradually remove exemptions on sales and income tax. Additionally, the government is contemplating levying sales tax on tractors and pesticides, which could result in increased prices for these crucial…
Lahore, May 12, 2024 : Finance Minister Muhammad Aurangzeb announced on Sunday that the IMF team has arrived in Pakistan, with talks for a new loan program set to commence on Monday. Speaking at a pre-budget seminar, the finance minister emphasized the crucial role of the private sector in navigating the country through challenging times….
Karachi, January 12, 2024 : The Pakistan Stock Exchange (PSX) experienced a second consecutive session of increased buying activity on Friday, spurred by the positive outcome of the International Monetary Fund’s (IMF) Executive Board completing the initial review of Pakistan’s economic reform program. As per the PSX website, the KSE-100 index surged by 565.79 points,…