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Tag Archives: IMF

IMF wants higher taxes in Pakistan

As policy-level talks kick off, IMF stresses higher tax collection in Pakistan The International Monetary Fund (IMF) has expressed its dissatisfaction at the current state of Pakistan’s tax collection, a team representing the body that arrived here in the city to discuss the country’s ongoing financial crisis said late Monday. Earlier in the day, the delegation, which has already concluded …

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Rupee gains against US$ after Saudi Arabia’s positive response

Rupee sharply regains Rs1.92 against greenback in inter-bank market The rupee has been depreciated five times against the greenback since December 2017, which has seen the local currency losing a cumulative 27% of its value against the greenback The rupee gained strongly against the dollar in the inter-bank market on Wednesday, as it regained Rs1.92 to trade at Rs132 on …

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Pakistan’s challenges, hopes and actions

Economy blues And the beleaguered media Prime Minister Imran Khan is perhaps making a somewhat desperate last minute attempt to escape the gauntlet of the IMF (International Monetary Fund). In his interaction with media owners the other day, discussion was mainly focused on problems faced by the print and electronic media. However he suddenly sprung a surprise by bowling a …

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How Shahbaz Sharif used NA floor to malign NAB

Shahbaz used NA floor for NAB’s media trial: Imran Declaring the opposition as a “gang of criminals”, Prime Minister Imran Khan on Saturday accused Pakistan Muslim League-Nawaz (PML-N) president and Leader of Opposition in the National Assembly Shahbaz Sharif of using the floor of the house to malign the National Accountability Bureau (NAB). Talking to two groups of foreign journalists and local …

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Imran Khan leaves for Saudi Arabia for Investment Conference

PM Imran arrives in Saudi Arabia to attend key investment conference Prime Minister Imran Khan has arrived in Saudi Arabia to attend a key investment conference being held in Riyadh from October 23 to 25. He was accompanied by Foreign Minister Shah Mehmood Qureshi, Finance Minister Asad Umar, Information Minister Fawad Chaudhry, Chairman Board of Investment (BoI) Haroon Sharif and …

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IMF assistance finally requested by Pakistan

Pakistan formally seeks financial assistance from IMF International Monetary Fund (IMF) Managing Director Christine Lagarde on Thursday confirmed that Pakistan has formally requested financial assistance from the fund to address its economic challenges. Lagarde said in a statement that the request came during her meeting with Finance Minister Asad Umar and State Bank Governor Tariq Bajwa on the sidelines of …

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Urgent need to show patience and improve relations with USA

Deteriorating ties with US: Govt urged to show patience Pakistan has to show patience, understanding and honesty of purpose to resolve issues with the US and Afghanistan without compromising on its core national interests, speakers said at the day-two of a conference titled Irritants in Pakistan-US Relations: Way Forward. They recommended that the US and Pakistan need to find a …

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IMF asks Pakistan to expand tax filers net

IMF asks Pakistan to expand tax filers net

The International Monetary Fund (IMF) has urged the government of Pakistan to bring non-filers into the tax net, sources informed Geo News on Monday. An IMF delegation held the third round of talks with officials from the Ministry of Finance and the Federal Board of Revenue (FBR). Sources add that FBR officials briefed the IMF delegation on the country’s taxation …

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