June 29, 2022

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Pakistan Revenue

Tag: IMF

Moody’s changes Pakistan’s outlook to negative
Jun 2
Finance, Top stories

Moody’s changes Pakistan’s outlook to negative

SINGAPORE: Moody’s Investors Service on Thursday June 2, 2022 affirmed the Government of Pakistan’s B3 local and foreign currency issuer and senior unsecured debt ratings, the (P) B3 senior unsecured MTN programme rating, and changed the outlook to negative from stable. A statement issued by the Moody’s stated that the decision to change the outlook […]

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Pakistan surrenders to IMF, agrees to remove subsidies
Apr 25
Finance, Top stories

Pakistan surrenders to IMF, agrees to remove subsidies

KARACHI: Pakistan government has agreed to remove subsidies on various items granted by the previous government in order to continue loan program under International Monetary Fund (IMF). The IMF issued the following statement on April 24, 2022: “We had very productive meetings with the Finance Minister of Pakistan Miftah Ismail over Pakistan’s economic developments and […]

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IMF to agree on Pakistan’s industrial promotion package
Mar 24
Finance, Top stories

IMF to agree on Pakistan’s industrial promotion package

ISLAMABAD: Pakistan and International Monetary Fund (IMF) likely to reach an understanding on the industry promotion package i.e. amnesty scheme in the ongoing 7th review, an official statement said on Thursday. Pakistan earlier this month announced an amnesty scheme for setting up new industrial units at a reduced income tax rate and without interrogation of […]

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ABAD denounces IMF demand to stop incentives
Feb 8
Trade & Industry

ABAD denounces IMF demand to stop incentives

KARACHI: Mohsin Sheikhani, Chairman Association of Builders and Developers of Pakistan (ABAD) has strongly denounced the demand of the International Monetary Fund (IMF) for ‘Unwinding’ the two key measures for the promotion of housing and construction activities and said that the suggestion of IMF will further weaken the economy of Pakistan. In a statement on […]

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IMF board approves $1.059 billion tranche for Pakistan
Feb 2
Finance, Top stories

IMF board approves $1.059 billion tranche for Pakistan

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) on Wednesday approved sixth tranche under $6 billion Extended Fund Facility (EFF) for Pakistan. Finance Minister Shaukat Tarin announced this in a Tweet. “I am pleased to announce that IMF Board has approved 6th tranche of their program for Pakistan.” Pakistan will get around $1.059 […]

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IMF wants Pakistan to improve tax to GDP ratio to 20%
Jan 11
Finance

IMF wants Pakistan to improve tax to GDP ratio to 20%

ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday said the International Monetary Fund (IMF) wanted Pakistan to improve tax to GDP ratio to 20 per cent through structural changes. Improving tax to GDP ratio to 20 per cent from 9 per cent is in the benefit of the country, he added. Addressing to the interactive session […]

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FPCCI demands consultations on planned mini-budget
Nov 25
Trade & Industry

FPCCI demands consultations on planned mini-budget

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday demanded the government of consultations with stakeholders on the planned mini-budget. FPCCI President Mian Nasser Hyatt Maggo in a statement expressed his deep concerns over the approach of the government for not taking the apex business, industry, and trade body of Pakistan into […]

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IMF Board to approve $1.059bn by Jan 12, 2022: Tarin
Nov 22
Finance, Top stories

IMF Board to approve $1.059bn by Jan 12, 2022: Tarin

ISLAMABAD: Shaukat Tarin, Adviser to Prime Minister on Finance and Revenue, on Monday said that staff-level agreement has been finalized and IMF executive board would approve the tranche by January 12, 2022. The adviser said an agreement between Pakistan and International Monetary Funds (IMF) under Extended Fund Facility (EFF) worth $1.059 billion had been finalized. […]

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