Tag Archives: IMF

National Assembly Standing Committee on Finance on Friday deliberated on the Federal Board of Revenue’s (FBR) request for expanded powers aimed at addressing significant tax evasion in major sectors. FBR Chairman Rashid Langrial briefed the committee, pointing out that while the FBR holds monitoring authority under sales tax regulations, it …

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reaffirmed Pakistan’s strong commitment to macroeconomic stability, structural reforms, and investor confidence. The finance minister said this during the two high-level Zoom meetings held on Friday — one with the Overseas Investors Chamber of Commerce & Industry (OICCI) and the other …

In the first 13 months of the Pakistan Muslim League-Nawaz (PML-N) government’s tenure, the circular debt in the power sector has decreased by Rs 283 billion. According to documents of the Power Division, the circular debt in the power sector was reduced by this amount, reaching Rs 2,396 billion between …

Finance Minister Senator Muhammad Aurangzeb concluded the fourth day of his visit to Washington, for the Spring Meetings of the International Monetary Fund (IMF) and the World Bank with significant progress on economic diplomacy, said an official statement of the finance Ministry here on early Friday morning. The visit featured …

A consortium of 15 banks has agreed to lend the federal government Rs 1,272 billion to help eliminate further piling up of circular debt in the power sector. According to details, the consortium is prepared to provide the loan at an interest rate 0.9% lower than the market rate. The …

Finance Minister Muhammad Aurangzeb has emphasized that industrialists and traders play a vital role in the country’s development, asserting that the ultimate goal is to benefit the common man. He stated that once Pakistan achieves self-sustainability, the current loan program from the International Monetary Fund (IMF) will be the last. …

According to the Asian Development Bank (ADB), Pakistan’s economic growth rate is expected to remain at 2.5% in the fiscal year 2025. ADB report further said, it was noted that the growth rate could rise to 3% in the fiscal year 2026. The country’s economic situation has shown signs of …

Federal Finance Minister Muhammad Aurangzeb, during a press conference in Islamabad, stated that the IMF delegation visiting Pakistan will not engage in discussions regarding the budget. He emphasized that a significant reduction in the interest rate has already taken place, and in his view, there is still room for further …

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 …

Governor of the State Bank of Pakistan, Jameel Ahmed, has stated that virtual discussions with the International Monetary Fund (IMF) are ongoing, and a staff-level agreement is expected to be finalized soon. Speaking with the media on Wednesday after the Public Accounts Committee (PAC) meeting at the Parliament House, he …