IMF Narrows Focus on New Tax Measures
- The International Monetary Fund approved a second $1.023 billion tranche under the Extended Fund Facility for Pakistan on May 14, 2025.
- This disbursement followed Pakistan's economic reform progress under a $7 billion EFF program started in September 2024 amid mixed international reactions.
- Pakistan’s fiscal measures include a record Rs437 billion income tax paid by the salaried class in ten months of the current year, exceeding last year by Rs150 billion.
- The IMF urges reducing the salaried class tax burden by at least Rs100 billion and questions the Federal Board of Revenue's operations to improve fairness.
- Pakistan plans a federal budget unveiling on June 2, 2025, with tax targets of PKR 14.3 trillion and ongoing IMF talks expected to guide fiscal policies.
24 Articles
24 Articles
IMF narrows focus on new tax measures
The International Monetary Fund has narrowed down its focus in the new budget to mainly on additional tax measures and rebalancing the National Finance Commission award, as the government badly struggles finding any space to provide relief to the salaried class and the real estate sector. The salaried class has been hit the hardest which, according to the fresh details, paid an all-time record high Rs437 billion in income taxes in just 10 months…
Pakistan receives second tranche under extended fund facility from IMF, cenbank says
NEW DELHI (Reuters) - Pakistan has received the second tranche of special drawing rights worth 760 million ($1,023 million) from the International Monetary Fund under the extended fund facility programme, the country's central bank said in a post on X on Wednesday. Read full story
Pakistan receives second tranche of IMF funding - News Today
Islamabad, May 15: Pakistan is scheduled to start virtual discussions with the International Monetary Fund (IMF) on the country’s upcoming fiscal budget after the visit of the IMF mission was delayed due to security reasons amid the ongoing tensions between India and Pakistan which have affected flight operations nationwide. Sources said that the IMF virtual talks holds pivotal value as the country’s government will present Pakistan’s proposed…
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