Coal Import Duty

Coal Import Duty Cut Approved in Key IMF-Linked Reform

ISLAMABAD: The federal government has announced changes to the Coal Import Duty structure under Budget 2026-27 as part of broader fiscal and energy-sector reforms linked to commitments under Pakistan’s ongoing program with the International Monetary Fund (IMF). The measure, unveiled during the federal budget presentation, is intended to streamline taxation in the energy sector, improve…

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Salary Pension Increase

Salary Pension Increase Approved in Key Budget Relief

ISLAMABAD: The federal cabinet has approved a Salary Pension Increase for government employees and retirees as part of Pakistan’s Budget 2026-27, providing financial relief amid ongoing inflationary pressures and rising living costs. The decision, endorsed during a cabinet meeting chaired by Prime Minister Shehbaz Sharif, includes a 7 percent increase in salaries and pensions for…

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The IMF Executive Board has approved Pakistan's $3 billion loan program

The IMF Executive Board has approved Pakistan’s $3 billion loan program

The International Monetary Fund (IMF) Executive Board has approved Pakistan’s $3 billion loan program. The Executive Board of the IMF approved the standby agreement with Pakistan. With IMF approval, $1.2 billion will be released immediately, with $1.8 billion scheduled after reassessments in November and February. The International Monetary Fund says that Pakistan has to stick…

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The authority to establish new universities is back from the provinces, the bill was approved by the federal cabinet

The authority to establish new universities is back from the provinces, the bill was approved by the federal cabinet

Karachi: The federal government withdrew the authority to establish new universities from the provinces, now the provincial assemblies will be bound by the advice of the federal HEC for the establishment or regulation of new universities. In this regard, the Federal HEC Act 2002 Amendment Bill has been approved by the Federal Cabinet meeting held…

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The National Economic Council approved the development budget of 2709 billion rupees

The National Economic Council approved the development budget of 2709 billion rupees

Islamabad: The National Economic Council under the chairmanship of Prime Minister Shahbaz Sharif has approved the revised development budget for the financial year 2022-23. This year, the federal PSDP is 714 billion rupees, while the provincial development budget has been proposed to be 1598 billion rupees. The meeting also approved the National Development Budget for…

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