Tag: Shamshad Akhtar
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Pakistan gears up for crucial IMF talks on $3 billion SBA programme
Pakistan is set to commence vital discussions with the International Monetary Fund (IMF) concerning the completion of the second review under the $3 billion Standby Arrangement (SBA) programme.
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ECC greenlights 25% sales tax increase on domestic cars
In a significant development, the Economic Coordination Committee (ECC) of the Cabinet has given its nod to a proposal for increasing the sales tax on vehicles manufactured and assembled within the borders of Pakistan.
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IMF greenlights $700 million for Pakistan’s economic stabilisation programme
In a significant development, the International Monetary Fund (IMF) successfully concluded its first review of Pakistan’s economic reform programme on Thursday.
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Pakistan’s forex reserves rebound: SBP gains $77 million in a week
According to data released on Thursday, the State Bank of Pakistan (SBP) witnessed a weekly increase of $77 million in its foreign exchange reserves, reaching $7.26 billion as of November 24.
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SBP reports second consecutive weekly decline in forex reserves
During the week ending on November 17, 2023, the State Bank of Pakistan (SBP) experienced a decline of $217 million in its foreign exchange reserves, settling at $7,180.0 million, as revealed by data released on Thursday.
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FBR restructuring: Govt plans to separate Customs and revenue collection system
Caretaker Finance Minister Dr Shamshad Akhtar has announced that the government is implementing significant restructuring measures within the Federal Board of Revenue (FBR) to eliminate apparent conflicts of interest in tax collection and enhance overall performance.
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Pakistan expects positive outcome in talks with IMF, eyes $700 million disbursement
Pakistan expresses optimism regarding the imminent successful conclusion of the initial review under the $3 billion standby arrangement (SBA) with the International Monetary Fund (IMF), according to reliable sources familiar with the matter.