Govt faces IMF pressure to overhaul tax laws, limit tax incentives
Fund advocates for the removal of FBR and cabinet privileges in granting tax incentives
No strategic SOEs, says finance minister ahead of major privatization push
Finance Minister Muhammad Aurangzeb declared there are no strategic SOEs, emphasizing the need for privatization to enhance efficiency and attract both local and foreign investment
IMF demands pension tax on retired govt employees
Fund's support team reaches Pakistan to discuss new larger programme
PM directs formulation of trade policies to boost exports, business sector
Sharif has mandated the development of new trade policies aimed at bolstering the business sector and increasing competitiveness of Pakistani exports
Cabinet committee principally approves 24 entities for Privatisation Programme
Priority shall be accorded to privatisation of loss-making entities
‘Govt to launch domestic green sukuk bonds by December’
Launch of green Sukuk bonds aimed at funding sustainable development initiatives
Govt mulls Chinese demand for offshore accounts amid CPEC energy debt talks
Chinese investors seek offshore bank accounts for servicing debts related to CPEC energy projects, while Pakistan weighs its response amidst IMF negotiations and financial constraints
Saudi Arabia pledges strategic economic partnership with Pakistan
KSA's Deputy Investment Minister Ibrahim Almubarak highlights economic potential of Pakistan, citing demography, location, and natural resources as key factors that make the country a high priority investment destination
Pakistan and China pledge to boost cooperation on CPEC projects
The two countries reiterate commitment to enhancing cooperation and upgrading initiatives within the CPEC during a significant meeting on Sunday
Saudi delegation arrives in Pakistan for high-level business talks
The delegation from KSA has landed in Pakistan to engage in crucial business meetings aimed at fostering trade partnerships and exploring investment opportunities in various sectors
KP govt cuts current expenditures of all departments
Administrative departments will be paid half for May and June due to expenditures reaching Rs 10 billion per month
FBR’s move to block SIMs of non-filers under scrutiny by PTA
Authority reportedly reviewing bureau's decision, aiming to ensure compliance while protecting telecom consumer interests, amid ongoing discussions with stakeholders
Pakistan prepares for IMF’s next bailout programme
Fund's team to spend two weeks in Pakistan, focusing on macroeconomic and fiscal framework for the next 3-4 years
Pakistan faces fiscal pressures after concluding $3bn IMF programme
A key issue is the country’s historic high interest rate of 22%, which has consumed around 60% of the budget.
FBR to block mobile SIMs of 0.5m non-filers
ISLAMABAD: The Federal Board of Revenue (FBR) has announced that 506,671 individuals who did not file their tax returns for the year...