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Comprehensive Pension Reforms in Pakistan: A Step Towards Fiscal Stability

Comprehensive Pension Reforms in Pakistan: A Step Towards Fiscal Stability

Pakistan's government has introduced significant pension reforms, aligning with the demands of international creditors like the International Monetary Fund (IMF) and the World Bank. These reforms, effective from January 1, 2025, aim to address the country’s fiscal challenges, enhance transparency, and ensure sustainability in public finances.   Key Highlights of the Pension Reforms Elimination of…

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IMF Tax Conditions on Agricultural Income Delayed to July 2025

IMF Tax Conditions on Agricultural Income Delayed to July 2025

The implementation of the IMF-mandated condition to impose income tax on agricultural income in Pakistan has been postponed to July 2025. Under the National Fiscal Pact, provinces are expected to impose these taxes starting from the next fiscal year. The federal government has sought additional time from the International Monetary Fund (IMF) to meet these…

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