ISLAMABAD: The hopes of builders to receive tax concessions suffered a setback as the International Monetary Fund (IMF) dismissed Pakistan’s proposal to introduce a special income tax regime for the construction sector. A simplified tax scheme had been finalised by the government, which included an offer of a 90% reduction[...]

ISLAMABAD: Consumers using more than 300 units of electricity will be affected by an increase of 1.75% in power tariffs effective from December 1 as the government approved the new rates prior to an executive board meeting of the International Monetary Fund (IMF). Effective from December 1, the revised rates[...]

ISLAMABAD: The International Monetary Fund (IMF) mission’s 12-day visit to Pakistan ended on a positive note as it announced it would release the first tranche of its $6 billion financial assistance programme to the country. According to a statement, all performance criteria for September-end were met with comfortable margins despite[...]