–Govt moves to tighten spending, improve transparency Aftab Maken ISLAMABAD: The Finance Ministry has decided to introduce major budgetary reforms under conditions set by the International Monetary Fund, aiming to strengthen fiscal discipline and improve transparency in public finances. Officials at the Ministry of Finance said work is underway on …
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Aftab Maken ISLAMABAD: Pakistan must collect Rs322 billion from court rulings before IMF board review, as authorities scramble to offset a major tax shortfall and unlock $1.2 billion in fresh financing. Pakistan’s International Monetary Fund has imposed a key prior action requiring the Federal Board of Revenue to recover Rs322 …
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–Pakistan secures staff-level IMF deal, paving way for $1.2bn disbursement under EFF and RSF programs, reinforcing economic stabilization efforts BeNewz Report ISLAMABAD: Pakistan reached a staff-level agreement with the International Monetary Fund on key program reviews, unlocking about $1.2 billion in fresh financing, the lender said on Friday. The agreement …
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BeNewz Report ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 6,154 billion during the first six months (July-December) 2025-26 against the target of Rs 6,490 billion, reflecting a shortfall of Rs 336 billion. The shortfall in revenue collection during December 2025 may prompt the government to activate …
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Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) Executive Board has completed the second review of Pakistan’s 37-month Extended Fund Facility (EFF) arrangement and the first review under the 28-month Resilience and Sustainability Facility (RSF). This approval enables an immediate disbursement of approximately $1 billion under the EFF and $200 …
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BeNewz Report ISLAMABAD: The International Monetary Fund (IMF) has scheduled its Executive Board session on December 8 to approve a US$1.2 billion disbursement to Pakistan under two concurrent programmes. Islamabad and the IMF reached a staff-level agreement on October 14 covering the second review of Pakistan’s US$7 billion Extended Fund …
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Power Minister unveils six-year elimination plan, praises IMF-backed reforms and landmark bank deal Aftab Maken ISLAMABAD: Federal Minister for Power Division Awais Leghari announced that Pakistan’s entrenched issue of circular debt in the power sector will be entirely resolved within six years, under a structured reform plan already yielding results. …
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Aftab Maken ISLAMABAD: While a recent government report heralds a period of remarkable economic recovery for Pakistan, a closer look at the data reveals some underlying challenges that could temper the celebratory mood. The July 2025 “Economic Update” from the Finance Division, while celebrating a historic current account surplus and …
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Aftab Maken ISLAMABAD: The National Assembly’s Standing Committee on Finance convened today, reiterating its firm stance against government intervention in the sugar trade and urging a hands-off approach to pricing and imports. The committee meeting also highlighted ongoing discussions with the International Monetary Fund (IMF) regarding controversial tax exemptions on …
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Aftab Maken ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced an increase in fixed gas charges for domestic consumers, effective July 1, 2025. This move comes as part of a broader gas tariff revision in Pakistan 2025, aimed at adjusting cost recovery in the energy sector, said an …
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