Pakistan, IMF agree on tariff cuts

Pakistan, IMF agree on tariff cuts

Pakistan and the International Monetary Fund (IMF) have made further adjustments to the economic liberalisation plan and agreed to cut weighted average applied tariffs to around 6% — a reduction of 43% over five years in the protection level available to local industries. The country has the third-highest trade-weighted average tariffs in South Asia at 10.6%, and after the implementation of the full liberalisation plan, it will have the lowest w…

IMF Rejects Pakistan FBR Request To Reduce Transaction Taxes For Property Sector

The International Monetary Fund (IMF) has officially rejected the Federal Board of Revenue's (FBR) request to reduce transaction taxes for t...

FY26 Budget proposals: Businesses urge govt to gradually reduce GST rate

Pakistan Business Council recommends reduction in withholding taxes for exporters to minimise impact on cash flow of their business

Pakistan Accepts WTO Fisheries Deal

Pakistan formally accepted the World Trade Organization Agreement on Fisheries Subsidies on March 20, bringing the number of countries that have accepted the deal to 94. The WTO needs 17 more countries to accept to get to two-thirds of the...

IMF Rejects FBR’s Plea to Reduce Property Sector Transaction Taxes - The Financial Daily

ISLAMABAD, March 18, 2025 – The International Monetary Fund (IMF) has officially refused to lower transaction taxes for Pakistan’s property sector, rejecting a plea from the Federal Board of Revenue (FBR). The decision comes despite earlier claims by high-ranking officials that the IMF had agreed in principle to reduce the withholding tax on property purchases by 2% from April 1, 2025, pending formal approval. IMF’s Firm Stance on Tax Reforms T…

IMF Rejects Pakistan’s Request to Cut Property Tax and Transaction Levies – Pashto News and Current Affairs Channel

ISLAMABAD: The International Monetary Fund (IMF) has firmly turned down the Federal Board of Revenue’s (FBR) request to reduce property tax and related transaction levies for the real estate sector at this stage. Earlier, senior officials had claimed that the IMF had agreed in principle to cut withholding tax on property transactions by 2%. This reduction was expected to take effect from April 1, 2025, pending formal approval. However, the IMF h…