The International Monetary Fund’s building in Washington, US. — AFP/FilePM Shehbaz directed FBR to approach IMF on contraceptives.No immediate possibility of reduction in prices after IMF refusal.Relief can encourage smuggling to complicate enforcement: lender.ISLAMABAD:…
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FBR dismisses PCA claim of Rs100bn revenue loss from FCA system
An undated image of the Federal Board of Revenue building in Islamabad. — APP/FileInquiry launched into report’s preparation and media leak.PCA’s claims of mis-invoicing and TBML ruled out by FBR.Shortfall exaggerated, Rs58m found versus Rs53bn claimed.
ISLAMABAD: The…
Pakistan in talks with Saudi Arabia, China for financial support: report
US dollar banknotes are seen in this illustration taken July 17, 2022. — ReutersUAE loan repayment due by month end.Saudi minister visited Islamabad recently.China remains Pakistan’s largest bilateral creditor.
Pakistan is holding talks with Saudi Arabia and China to…
IMF board meets on December 8 to approve $1.2bn for Pakistan
The International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, US, October 9, 2016. — Reuters$1.2bn disbursement expected to arrive on December 9.Tranche consists of $1bn EFF and $200m RSF.SLA reached on October 14…