IMF

For Pakistan, this is one of the biggest news items: Pakistan convinced the IMF for the first review of their IMF program and climate-resilient agreement to tackle natural disasters, which is a new 28-month program.

NHA has increased taxes on Toll Plaza in just a span of 3 months due pressure of IMF and taxes shortfall.

The PM advisor Bilal Bin Saqib for crypto said that Pakistan would soon legalize cryptocurrency to attract local and foreign investment in Pakistan.

It is reported by Express Tribune that the government has halted property tax relief, which was going to be announced to force growth in 2020.

The Tax Amendment Bill has been postponed by the NA Committee on Finance

It is expected the government might withdraw excise duty on property transfers.

Still, there are concerns about reforms and tax shortfalls.

FBR has been facing a tax shortfall due to its overestimated targets and low growth of the Pakistan economy.

It is expected that it will help to tackle the balance of payment issues.

Current Account Surplus Likely for Pakistan with $2.92B Exports.

FBR sends notices for July 2022 recoveries.

A tax shortfall by FBR is reported at around 468 billion rupees during the past 7 months of this fiscal year.