The Ministry of Finance has advertised some of the posts to operationalize the Tax Policy Office (TPO) in response to the IMF’s requirements, taking a significant step forward by advertising key positions for recruitment. The office will see the appointment of a director general alongside five directors. The Director General …
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Federal Finance Minister Muhammad Aurangzeb informed the National Assembly that no proposal is currently under consideration to increase the salaries of government employees in the upcoming financial year. However, within a few hours of submitting a written response in the parliamentary session, the Finance Ministry retracted its statement. Issuing a …
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Pakistan has received significant financial relief as China has agreed to extend the repayment period of a $2 billion loan by one year, the country’s finance ministry confirmed on Saturday. Originally due for repayment on March 24, experts believe that the loan deferment aims to support Pakistan’s economic stability and …
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The negotiations between the Government of Pakistan and the International Monetary Fund (IMF) have entered their fourth consecutive day, with discussions intensifying over critical financial measures. Among the key considerations is the inclusion of retailers, property owners, and agricultural income within the tax net. Additionally, the government is contemplating stringent …
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The International Monetary Fund (IMF) has called on the government of Pakistan to swiftly implement reform measures aimed at reducing expenditures. In a recent meeting with the Cabinet Division, the Ministry of Finance, and the Cabinet Secretary, discussions focused on rightsizing various government departments to streamline expenses. The IMF emphasized …
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The Public Accounts Committee (PAC) has expressed dissatisfaction with the system of foreign loan repayments and interest payments. During a recent meeting, PAC Chairman Junaid Akbar voiced his frustration over the absence of the Finance Secretary, directing him to attend the next session following negotiations with the IMF delegation. The …
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The review talks between Pakistan and the International Monetary Fund (IMF) have commenced, focusing on the $7 billion loan program. These discussions, which are the first review under this agreement, will take place in two phases. The initial phase will consist of technical-level talks, during which Pakistan and the IMF …
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The Federal Board of Revenue (FBR) has reported an interim revenue shortfall of Rs 601 billion during the first eight months (July to February) of the current fiscal year 2024-25. In February alone, the shortfall stood at Rs 133 billion. On Friday night, a senior FBR official revealed that during …
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The Oil and Gas Regulatory Authority (OGRA) on Saturday night has announced a reduction in POL prices for the next fortnight of February, said an official statement of the Finance Ministry. According to a statement, the new prices for the remaining two weeks of February, the POL prices have been …
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The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Tuesday convened under the leadership of Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, at the Finance Division. Among the attendees were Federal Minister for Housing and Works Riaz Hussain Pirzada, the Attorney General of Pakistan, the Executive Director of …
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