Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: IMF has approved US$6 billion 39-month Extended Fund Facility Arrangement for Pakistan. As much as US$1 billion will be released immediately. The program will help Pakistan to reduce economic…
KARACHI: Pakistan has fulfilled all the commitments made with the IMF for a $6 billion loan programme and the Fund’s executive board would take a decision on bailout package during…
KARACHI: The country is all set to witness an eventful week commencing from June 10. The first will be the laying of annual budget before the National Assembly and it…
KARACHI: Only the day after Prime Minister Imran Khan formed a committee, headed by Adviser to the PM on Finance Dr Hafeez Shaikh, to control devaluation of the local currency…
ISLAMABAD: Pakistan and the IMF have failed to strike a staff level agreement on fresh bailout package of $6.5 billion in the wake of tough conditions of the Fund on…
PARIS: On March 18, 2019, the Executive Board of the International Monetary Fund (IMF) discussed a paper providing country-level guidance on the role, and design of, fiscal policies for implementing…
KARACHI: Pakistan Stock Exchange (PSX) fell victim to bearish sentiments for the fifth week in succession as the benchmark KSE-100 index shed another 1,008 points or 2.7% to close at…
KARACHI: Federal Minister for Railways Sheikh Rasheed Ahmed has categorically said, “We are stuck in a lot of crises and it is a well-known fact that IMF conditions will be…
KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 index closed in green on 3/5 days and ended the week at 37,338pts down by 184pts, 0.5 percent for the week ended April…
WASHINGTON: Pakistan’s delegation led by Finance Minister Asad Umar had a second day of meetings during the IMF/WB spring meetings on Thursday at Washington, says a press release received issued…
LONDON: The Executive Board of the International Monetary Fund (IMF) discussed a paper setting out the current state of international corporate income tax arrangements. The policy paper Corporate Taxation in…
KARACHI: Pakistan and the International Monetary Fund (IMF) will soon reach a bailout deal with a potential size of $12 billion, but the south Asian country is expected to have…
ISLAMABAD: Petroleum Minister Ghulam Sarwar Khan on Friday said the government had raised the prices of gas following pressure of the IMF and announced to revise the existing slabs to…
DUBAI: Prime Minister Imran Khan met Managing Director of the International Monetary Fund (IMF), Christine Lagarde on the sidelines of the World Government Summit in Dubai and assured Lagarde PTI…
ISLAMABAD: Ruling out possibility of slashing down the FBR’s annual target from Rs4,398 billion, Finance Minister Asad Umar has plainly conveyed to the tax machinery to gear up efforts to…
KARACHI: The Finance Supplementary 2nd Amendment Bill presented by Finance Minister Asad Umar on Wednesday has proposed to remove withholding tax (WHT) on bank transactions and cash withdrawals by tax…
KARACHI: Federal Finance Minister Asad Umar has presented the Finance Supplementary 2nd Amendment Bill on Wednesday, which envisages a number of reliefs and reforms particularly for industry and agriculture. “It…
KARACHI: Pakistan has implemented the recommendations of the International Monetary Fund’s (IMF) enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP), a…
KARACHI: Pakistan Tehreek -e-Insaaf (PTI) governmentfrom its day 1 in the office is facing an almost empty national kitty. The depleted treasury was a planned one by the outgoing Pakistan…
KARACHI: Hinting towards another ‘mini-budget’ to address the economic challenges facing the country, Finance Minister Asad Umar said financial aid received from Saudi Arabia, China and the United Arab Emirates…