The International Monetary Fund (IMF) has identified corruption, bureaucratic red tape, and a weak business environment as the primary challenges hindering Pakistan’s development. In response, the government has assured the IMF of taking firm steps to address these issues, including greater transparency and accountability in the public sector. The government has also assured the IMF […]
Putting rumours to the rest, the Federal Bureau of Revenue (FBR) on Monday said that the September 30 deadline for the submission of tax returns was not being extended. In a statement issued today, the tax regulatory authority clarified that media reports about extension of income tax returns filing date “are untrue”. “All taxpayers are […]
1726140338-0/Untitled-design-(42)1726140338-0.jpg?w=250&resize=250,150&ssl=1 "State Bank of Pakistan slashes policy rate by 200 BPS")
The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to falling […]
