ISLAMABAD: The Federal Board of Revenue (FBR) extended the deadline for filing income tax returns for the 2025 tax year by 16 days, setting October 31 as the new cutoff, according to a notification issued on Wednesday.
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Pakistan’s economy to grow 3.6% in FY25, IMF says; inflation, deficit to rise
KARACHI: The International Monetary Fund expects Pakistan’s economy to grow 3.6% for the current fiscal year, even as it projected higher inflation and a widening current account deficit, though the estimates exclude the still-unassessed damages from recent floods.
Pakistan reaches IMF staff-level deal on loans, unlocking $1.2 billion
KARACHI: Pakistan reached a staff-level agreement with the International Monetary Fund (IMF) on its bailout programs, paving the way for the release of $1.2 billion once approved by the lender’s board.
Pakistan expects IMF staff-level deal this week to unlock $1.24 billion tranche
ISLAMABAD: Pakistan is on track to sign a staff-level agreement with the International Monetary Fund this week, Finance Minister Muhammad Aurangzeb said, clearing a hurdle for the release of $1.24 billion in funding from the lender.
FM Aurangzeb departs for Washington to push IMF staff-level deal on bailout reviews
ISLAMABAD: Finance Minister Muhammad Aurangzeb departed for Washington to attend the annual meetings of the International Monetary Fund and World Bank, as Islamabad pushes for a quick staff-level agreement on reviews of its $8.4 billion in loans from the lender.
SBP bought $7.8 billion in dollars to avert costly debt
KARACHI: The central bank bought $7.8 billion of dollars from the interbank market over the past year, a move that helped avoid heavier foreign borrowing at elevated rates and lifted foreign exchange reserves fivefold in about two-and-a-half years.
Pakistan edges closer to IMF deal as FM Aurangzeb sees no ‘showstoppers’ in review talks
ISLAMABAD: Finance Minister Muhammad Aurangzeb struck an upbeat note on the country’s push for a staff-level agreement with the International Monetary Fund, describing recent talks as “constructive” and insisting there are no “showstoppers” in the way.
Remittance inflows climb to $3.2 billion in September, bolstered by formal channels
KARACHI: Pakistan’s overseas workers’ remittances surged to $3.2 billion in September 2025, reflecting robust growth in inflows that serve as a critical lifeline for the nation’s economy, according to data released by the State Bank of Pakistan (SBP) on Thursday.
IMF says ‘significant progress’ made toward staff-level deal in Pakistan’s $7 billion bailout review
ISLAMABAD: Pakistan and the International Monetary Fund made significant progress toward a staff-level agreement on the review of a $7 billion bailout program, as the lender weighs the impact of recent floods on the cash-strapped South Asian nation’s economy.
Pakistan revises FY2025 GDP growth Up to 3.04 percent on stronger industry, farming
ISLAMABAD: Pakistan’s economy expanded faster than previously estimated in the fiscal year through June, driven by upward revisions in industrial and agricultural output, according to official data released on Wednesday.