Pakistan’s textile industry has warned the government that an effective tax burden of up to 113% is severely damaging exports and creating a deep financial crisis ahead of the FY2026-27 budget. The Pakistan Textile Council told Prime Minister Shehbaz Sharif that exporters are struggling to survive because excessive taxes, delayed refunds, and blocked working capital […]
FY27 budget
Govt likely to seek relief from IMF in FY27 budget
In a move aimed at spurring sluggish economic activities, the government is mulling various options to convince the IMF to secure relaxations on different macroeconomic and fiscal frameworks for the next budget 2026-27, sources said on Wednesday. This thinking among policymakers has surfaced in the context of increasing criticism over the IMF’s EFF that suffocated […]