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Tag: Extended Fund Facility (EFF)

Pakistan stocks
Business
  • Syed Raza Hassan
  • May 12, 2025
Pakistan stocks witness historic rally after ceasefire with India

The sharp rally was driven by a surprise ceasefire announcement between Pakistan and India, brokered by the United States over the weekend

Business
  • Web Desk Karachi
  • Mar 14, 2025
FBR’s tax target reduced to Rs12.35 trillion as government revises economic framework with IMF

This adjustment entails a downward revision of Rs620 billion, despite the tax-to-GDP ratio target remaining unchanged at 10.6 percent.

Business
  • Web Desk Karachi
  • Mar 13, 2025
Agriculture income tax collection mechanism under review ahead of 2025 rollout

Given that the FBR has already struggled with tax compliance in well-documented urban sectors, provincial tax agencies—still developing—are unlikely to enforce tax collection successfully in remote rural regions.

IMF Pakistan floods
Business
  • Web Desk Karachi
  • Mar 05, 2025
Fiscal tightening looms as government prepares for IMF review

The new fiscal measures, expected to come into effect from April 1, could adopt a three-pronged strategy: strict management of the PSDP; improved revenue collection from sectors with lax enforcement, such as retail and real estate; and the activation of contingency measures.

Business
  • Web Desk Karachi
  • Mar 04, 2025
FBR to implement CRM framework to boost revenue by Rs250 billion

The FBR has engaged external services to develop the CRM framework and has informed the visiting IMF team that of the six million tax returns received, Artificial Intelligence (AI) will be utilised to select approximately three to five percent for audit purposes, with the capacity for this process expected to grow over time.

Business
  • Web Desk Karachi
  • Feb 26, 2025
IMF mission set to arrive on March 3 for $7 billion EFF programme review

The initial phase of their visit will focus on technical discussions, which will subsequently be followed by policy-level negotiations in the second phase.

Petrol, diesel prices
Business Pakistan
  • Web Desk
  • Sep 11, 2024
Pakistan accepts IMF’s ban on new SEZs, EPZs

There are also apprehensions on the CPEC front because Pakistan needs these exemptions to attract future investments from China.

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