Pakistan Revenue
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Washington, DC: International Monetary Fund (IMF) on Monday started distribution of the largest ever allocation of $650 billion to provide additional liquidity to the global economic system. Ms. Kristalina Georgieva, Managing Director of the IMF made the following statement on Monday: “The largest allocation of Special Drawing Rights (SDRs) in history—about US$650 billion—comes into effect […]
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KARACHI: The Pak Rupee (PKR) made a gain of 42 paisas against the dollar on Wednesday after witnessing deterioration in first two days of the week. The rupee ended Rs163.47 to the dollar from previous day’s closing of Rs163.89 in the interbank foreign exchange market. The local currency lost Rs1.46 against the dollar during first […]
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KARACHI: The Pak Rupee (PKR) ended down by 22 paisas against the dollar on Tuesday as demand for external payment remained high. The rupee ended at Rs163.89 to the dollar from previous day’s closing of Rs163.67 in the interbank foreign exchange market. Currency experts said that the external payment had put pressure on the local […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has estimated Rs5,700 billion as a net revenue collection for the next fiscal year 2021/2022, around Rs263 billion less then projection of International Monetary Fund (IMF).
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ISLAMABAD: An important meeting of the ministry of finance with representatives of International Monetary Fund (IMF) will be held today evening (Thursday evening) to finalize the recommendations for budget 2021/2022. Senior officials of the ministry of finance, three representatives, including country head, of IMF and senior officials of Federal Board of Revenue (FBR) will attend […]
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KARACHI: The National Assembly likely to adopt amendments to State Bank of Pakistan (SBP) Act by September 2021. This was assured by the Pakistani authorities to International Monetary Fund (IMF). The ministry of finance submitted the amendments to parliament in March 2021 and the authorities expect adoption by parliament by end-September 2021. The authorities assured […]
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ISLAMABAD: Harmonization of sales tax between federal and provincial tax authorities may be completed by end-June 2021, officials in the Federal Board of Revenue (FBR) said on Wednesday. The FBR said that the authorities were in the process of harmonizing the service sales tax across provincial jurisdictions, with support from the World Bank, which will […]
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KARACHI: The government is working on reducing the brackets of salary income tax to five from existing 11 besides reducing the income slabs, according to country report on Pakistan issued by International Monetary Fund (IMF) on Thursday. Pakistan has assured the IMF to take major initiatives in the upcoming budget 2021/2022. According to the report […]
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KARACHI: International Monetary Fund (IMF) has projected that Pakistan’s GDP growth may grow five percent in 2023/2024 from projected growth of 1.5 percent in the current fiscal year. The IMF issued country report on Pakistan’s economy on Thursday. According to the IMF real GDP growth is projected to remain subdued at 1.5 percent in FY […]
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KARACHI: Pakistan has successfully received a tranche of $498.7 million under the Extended Fund Facility (EFF) from the International Monetary Fund (IMF), as confirmed by the State Bank of Pakistan (SBP) on Tuesday.
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