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The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, US on September 4, 2018. — Reuters The budget for 2025-26 will be announced on June 2. IMF objects to reduction in tax rates for salaried class. Annual Plan Coordination Committee to meet on May 26. ISLAMABAD: Pakistan and the International…
The International Monetary Fund (IMF) has urged Pakistan to gradually phase out federal funding for provincial development projects under the Public Sector Development Programme (PSDP). According to sources, the IMF made this demand during virtual discussions with provincial governments, focusing on expenditure plans for the 2025-26 fiscal budget, with provinces actively participating in these sessions….
Pakistan has ‘linked’ tax relief for the salaried class with the consent of the International Monetary Fund (IMF) in the upcoming FY2025-26 budget.As per details, as preparations for the upcoming federal budget are underway, high-level discussions are taking place to explore avenues of tax relief, particularly for the salaried class and real estate sector. Insiders…
Listen to article Pakistan’s economy is showing positive signs of stability and recovery, with an expected 2.5% growth in real GDP for the fiscal year 2025 (ending June 30, 2026). This growth reflects the impact of stringent macroeconomic policies and progress in key economic reforms. According to the Asian Development Outlook (ADO) April 2025, the Asian Development…
Prime Minister Shehbaz Sharif is expected to announce a reduction in electricity prices tomorrow (Thursday) following approval from the International Monetary Fund (IMF). In a statement, the Ministry of Information and Broadcasting said that the premier would address the nation tomorrow and announce a “big decision”. “The nation will receive a surprise and significant piece…
Listen to article International Monetary Fund (IMF) Director of Communications Julie Kozack said on Friday that Pakistan will receive $1.3 billion in climate financing. Speaking at a press conference, Kozack highlighted that discussions with Pakistan covered both the Extended Fund Facility (EFF) and climate financing, Express News reported. Kozack further mentioned that Pakistan’s 37-month EFF program, approved…
Prime Minister Shehbaz Sharif has said that nations do not progress through International Monetary Fund (IMF) programmes, emphasising that the stability that Pakistan requires has already been achieved. Speaking at the launch ceremony of the Prime Minister Digital Youth Hub, he reiterated that the $1 billion loan from the IMF is not Pakistan’s earned income…
The International Monetary Fund (IMF) has approved a reduction of Re1 per unit in electricity tariffs, providing much-needed relief to all consumers across the country. The relief will be funded through the revenue generated from a levy imposed on captive power plants using natural gas. The government has introduced this levy as part of its…
The International Monetary Fund (IMF) staff reached a deal with Pakistan for a new $1.3 billion arrangement and also agreed on the first review of the ongoing 37-month bailout program, the IMF said on Tuesday. “Over the past 18 months, Pakistan has made significant progress in restoring macroeconomic stability and rebuilding confidence despite a challenging…
Pakistan and the International Monetary Fund (IMF) have made significant progress towards reaching a Staff-Level Agreement (SLA) on the first review of the $7 billion loan programme. “The IMF and the Pakistani authorities made significant progress toward reaching a Staff Level Agreement (SLA) on the first review under the 37-month Extended Arrangement under the Extended…
