Tag Archives: SBP

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 …

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 …

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 …

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 …

Aftab Maken Federal Finance Minister Senator Muhammad Aurangzeb emphasized the government’s commitment to structural reforms aimed at building a resilient economy and fostering sustainable growth during his address at the inaugural session of the 2-day Pakistan Banking Summit 2025. Organized by the Pakistan Banks Association to enhance industry collaboration and …

The local banks in Pakistan have reportedly been involved in a tax evasion scam by manipulating the Advance-to-Deposit Ratio (ADR). At present, a banking company’s income, profits, and gains are taxed at the standard rate of 39%. Additionally, banking companies are subject to a Super Tax at progressive rates ranging …

Finance Minister Muhammad Aurangzeb has announced that no complaints have been received regarding the opening of Letters of Credit (LCs), and no foreign company has been hindered from repatriating its profits. He emphasized that these factors indicate there is no pressure on the currency. Speaking during a briefing to the …