The federal government has revised the schedule for the upcoming budget for the fiscal year 2026-27, with the presentation now expected on June 10 instead of June 5, sources said on Tuesday. According to official sources, the change comes amid ongoing negotiations with the International Monetary Fund (IMF) over the Public Sector Development Programme (PSDP) […]
IMF
IMF asks Pakistan to raise GST to 19% in budget 2026-27
Ahead of the 2026-27 federal budget, the International Monetary Fund (IMF) has asked Pakistan to increase the standard General Sales Tax (GST) rate by one percentage point, from 18% to 19%. However, Pakistani authorities have so far resisted it tooth and nail, arguing that it would further hike inflationary pressure, The News reported. According to […]
IMF backs Pakistan’s fiscal stability efforts
The International Monetary Fund has reaffirmed support for Pakistan’s fiscal stability efforts and agreed to continue discussions with authorities on the upcoming federal budget and economic reforms. An IMF mission led by Eva Petrova visited Islamabad from May 13 to 20 to review recent economic developments, reform progress and budget planning for fiscal year 2027. […]
IMF mission wraps up Pakistan visit, budget talks to continue ‘in coming days’
Pakistan and the International Monetary Fund (IMF) will continue discussions on the federal budget for fiscal year 2027 in the coming days, following the conclusion of a staff-level visit in which both sides reviewed recent economic developments, fiscal targets, and progress on reforms under the country’s ongoing loan programmes. An IMF mission led by Iva […]
IMF proposes higher BISP payments in Pakistan talks
The International Monetary Fund (IMF) has proposed increasing financial assistance under Pakistan’s Benazir Income Support Programme (BISP) by Rs5,500, as discussions continue over economic reforms and the upcoming federal budget. According to official sources, the IMF has recommended raising the quarterly BISP stipend from Rs14,500 to Rs20,000 to provide greater financial relief to low-income households […]
IMF revenue target raises cost pressures, warns PIAF
The Pakistan Industrial and Traders Associations Front (PIAF) has expressed concern over the International Monetary Fund’s (IMF) projection of a Rs17.1 trillion federal revenue target for 2026-27, warning that the aggressive revenue mobilisation plan, combined with already high energy tariffs and policy pressures, could further strain industrial growth and exports. PIAF Chairman Faheemur Rehman Saigol, […]
Pakistan’s circular debt in energy sector rises to Rs5.2 trillion
Pakistan’s circular debt in the energy sector has climbed to Rs5,206 billion, highlighting continued financial stress in the country’s power and gas systems, according to the latest figures cited in an International Monetary Fund (IMF) report. Read More: Power sector circular debt edges up despite payments The report shows that the total circular debt includes Rs3,442 […]
IMF sets 11 new conditions for Pakistan economic reforms
The International Monetary Fund (IMF) has imposed 11 new conditions on Pakistan as part of its ongoing economic reform programme, including further increases in petroleum, gas and electricity prices, according to official reports. The new requirements also include structural reforms aimed at improving fiscal discipline, strengthening tax collection, and enhancing transparency in key government institutions. […]
IMF sets new conditions, signals possible tariff hikes in Pakistan
The International Monetary Fund (IMF) has reportedly imposed 11 new conditions on Pakistan under its ongoing financial programme, raising the total number of requirements to 55, according to its latest review report. Read More: IMF says Pakistan’s economic recovery holds despite regional risks The new conditions focus on tightening fiscal discipline, strengthening tax reforms, and improving key economic […]
IMF says Pakistan’s economic recovery holds despite regional risks
The International Monetary Fund (IMF) has said Pakistan’s economic recovery remains on track due to steady policy implementation, while warning that the ongoing conflict in the Middle East could create fresh risks for growth, inflation and external stability. Read More: IMF pressures Pakistan to tighten money laundering controls In its latest assessment released after completing the third review […]