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Tag: International Monetary Fund (IMF)

: Jamaat-e-Islami (JI) intensified preparations for a significant sit-in at D-Chowk on Friday (today) with workers from across Pakistan converging on the capital following a call to action by JI's Deputy Chief Liaqat Baloch.
Pakistan
  • Web Desk
  • Jul 25, 2024
Islamabad gears up for JI sit-in on D-Chowk

JI deputy chief warned the federal government that any attempts to obstruct their peaceful protest would be met with nationwide escalation.

IMF
Business Pakistan
  • Web Desk
  • Jul 14, 2024
Pakistan’s $7 billion IMF deal: key conditions at a glance

IMF Mission Chief Nathan Porter stated that the new programme aims to support Pakistan’s efforts to maintain macroeconomic stability and create conditions for stronger growth.

Negotiations between the Flour Mills Association and the Federal Board of Revenue (FBR) ended in a stalemate as the Chairman of FBR Malik Amjad Zubair refused to rescind the withholding tax imposed on flour.
Pakistan
  • Web Desk
  • Jul 12, 2024
FBR Chairman stands firm on withholding tax for flour

The meeting saw the Flour Mills Association advocating for the abolition of withholding tax and annual turnover tax on flour mills throughout Punjab. T

he federal government sanctioned an increase in electricity prices across various consumer categories, including commercial, agricultural, and large-scale consumer.
Pakistan
  • Web Desk
  • Jul 11, 2024
Gov’t raises electricity price for commercial, agricultural consumers

General service consumers will see their electricity tariff rise by Rs 6.98 per unit, reaching Rs 61.03 per unit starting July.

Finance Minister Muhammad Aurangzeb
Pakistan
  • Web Desk
  • Jun 30, 2024
Finance minister defends budget, optimistic on IMF deal

Aurangzeb stressed the need to stop tax evasion and expressed confidence that this will be the last programme with the International Monetary Fund (IMF).

Kenya erupts in protests as president rejects amended finance bill
World
  • Web Desk
  • Jun 27, 2024
Kenya erupts in protests as president rejects amended bill

The bill is aimed at raising $2.7 billion in taxes to alleviate the country’s debt obligations to the IMF and other creditors.

The Senate Finance Committee rejected a proposal on Saturday to impose an 18 per cent sales tax on mobile phones priced up to Rs55,000 and above.
Pakistan
  • Web Desk
  • Jun 23, 2024
18 per cent sales tax increase on mobile phones rejected

Anusha Rahman opposed the tax, arguing that mobile phones aren’t luxury items and taxing those above Rs55,000 would raise prices.

The federal government of Pakistan Muslim League-Nawaz (PML-N) eliminated several key programmes in the upcoming fiscal year (FY) 2024-2025 budget.
Business
  • Web Desk
  • Jun 15, 2024
Government scraps key programmes in next fiscal year budget

Despite a tax-heavy budget sharply cutting funding beyond essential needs, the government still managed to approve salary increases for government employees.

High prices, unemployment and a lack of new job opportunities have piled political pressure on Pakistan's new coalition government
Business Pakistan
  • DW
  • Jun 14, 2024
Will Pakistan’s new budget help the country’s poorest?

Amid the soaring costs of essential goods, many ordinary Pakistanis remain doubtful that the budget will deliver meaningful change.

FATA tax exemptions
Pakistan
  • Web Desk
  • Jun 09, 2024
Pakistan, IMF disagreement continues over tax exemptions on FATA

The policy aimed at encouraging local industry to set up mobile packaging units has failed, as not a single unit has been installed, according to the sources.

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