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IMF Rejects Pakistan’s Request to Cut Property Transaction Taxes
The IMF has rejected the FBR’s request to lower tax rates on property transactions. It has also refused reductions in tobacco & beverage taxes. Meanwhile, Pakistan moves towards a staff-level agreement with the IMF.
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Govt Assures No Sugar Shortage, Vows Action Against Price Hike
Minister Rana Tanveer Hussain denies sugar shortage, assures retail price won't exceed Rs164/kg. Govt forms a 10-member committee to tackle rising rates.
News Desk -
Punjab Govt Continues Wheat Release Policy, Sets Rate at Rs 2900/Maund
Punjab govt to continue wheat release policy! 1.2M metric tons approved, with wheat priced at Rs 2900/maund. More wheat to be released soon.
News Desk -
Pakistan Railways Announces 20% Fare Cut for Eid Travelers
Pakistan Railways announces a 20% fare reduction on all passenger trains for Eidul Fitr. Special Eid trains to run from March 28.
News Desk
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ECC Approves Rs2 Billion for Media Advertisement Dues
ECC approves Rs2bn for media ad dues, Rs250m for Jinnah Medical Complex, & Rs430m for Punjab’s SDG projects. SBP’s Rs330bn LTFF to be phased to Exim Bank.
News Desk
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Pakistan & Saudi Arabia Strengthen Economic & Strategic Ties During PM Shehbaz's Jeddah Visit
PM Shehbaz Sharif meets Crown Prince Mohammed bin Salman (MBS) in Jeddah to discuss trade, investment, energy & defence cooperation.
News Desk
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World Bank Approves $102M for Pakistan’s Microfinance Resilience
World Bank approves $102M to boost Pakistan’s microfinance sector & support vulnerable borrowers against climate shocks. Project aims to benefit 1.89M people, including women & youth.
News Desk
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IMF Shares Draft MEFP with Pakistan, Staff-Level Agreement Still Pending
IMF shares draft MEFP with Pakistan, proposing strict fiscal measures. Talks continue over petroleum levies, circular debt plan & tax targets. Staff-level agreement remains elusive.
News Desk