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“Only 13 percent of toll tax collected by NHA from highways.”

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Speaking to Federal Minister for Communications, Privatization, and Board of Investment Abdul Aleem Khan during a briefing on Wednesday, NHA Chairman Arshad Majeed Mohmand stated as much.

According to him, the Federal Minister for Communication has instructed for the refining process to begin, and both short- and long-term policy actions have been recommended.

Corruption and incompetence were not acceptable among NHA employees, according to Abdul Aleem Khan. In addition, he indicated that the private sector may be given control over toll collection in places where there were issues with revenue collection.

He gave the National Highway Authority the order to set annual revenue targets each year, which will undoubtedly boost the organization’s income and efficiency while also making a noticeable and beneficial impact.

In addition to utilizing professional expertise, people, and existing resources, the minister recommended that the NHA implement a self-reliance policy. He said, “In the future, NHA should be a financially secure and independent entity.”

While developing a business model that satisfies contemporary criteria has become imperative, one of the government’s primary concerns was improving the means of transportation.

The speaker went on, “By instituting a new vision in NHA, we should not only enhance our capacity globally by providing our expert services to other countries but also earn a significant amount of foreign exchange.”

High-quality roadways and motorways are being built throughout the nation, according to Federal Minister for Communications, Privatization, and Board of Investment Abdul Aleem Khan.

At a departmental briefing of the National Highway Authority (NHA), attended by the Chairman of NHA, the Federal Secretary of Communications, and other senior officers, the minister expressed the view that going forward, no motorway will be built with fewer than six lanes, and that the NHA’s top priorities will be the motorways from Karachi to Sukkhar and Sialkot, Kabul to Islamabad.

To ensure that they can meet future demands, he additionally ordered that all motorways be built with at least three lanes on one side.

He suggested building a toll plaza for high traffic and building public and private transportation in order to maximize revenue collection for the NHA.

The axle load regulations on these roads and motorways, he stated, should be rigidly enforced and should never be broken.

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Negotiations with IMF for $7 billion loan programme start

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– Policy talks for the next phase of the $7 billion loan package for Islamabad were formally launched on Tuesday between Pakistan and the visiting delegation of the International Monetary Fund, a major lender.

Nathan Porter is in charge of the IMF delegation, while Finance Minister Muhammad Aurangzeb leads Pakistan’s economic team. Rashid Langrial, the chairman of the Federal Board of Revenue (FBR), is also taking part in the discussions.

The IMF delegation will be briefed by Finance Minister Aurangzeb on Pakistan’s present economic circumstances. The IMF delegation will make suggestions for the budget for the upcoming fiscal year. Pakistan will submit a report on the first half of the current fiscal year as well as a report on the execution of the IMF-imposed restrictions under the $7 billion loan program.

The IMF mission will be briefed by the Pakistani team on real estate and agricultural income taxes.

The IMF delegation will offer suggestions about the release of a $1.1 billion tranche to Pakistan following the negotiations.

The IMF mission negotiations will last until March 15.

The IMF mission was previously briefed on tax and energy policies at the Pakistan Business Council office.

During an introductory session, representatives from the Ministry of Finance and the Ministry of Planning gave the visiting International Monetary Fund (IMF) delegation an update on the economic review for the release of the next installment of $1 billion from the $7 billion bailout package.

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The Planning Ministry provides the IMF with a report on the Green Pakistan Initiative.

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During an introductory session, representatives from the Ministry of Finance and the Ministry of Planning gave the visiting International Monetary Fund (IMF) delegation an update on the economic review for the release of the next installment of $1 billion from the $7 billion bailout package.

The Green Initiative Report was presented to the international lender by the Planning Commission, Ministry of Finance, and Ministry of Planning, according to sources.

A report on climate change projects as part of the Green Initiative was also presented by the Ministry of Planning.

As part of the IMF’s initial demands, the Ministry of Finance instructed the Planning Commission to compile the report in response to the IMF’s request.

According to Planning Commission sources, the meeting also covered the current fiscal year’s Public Sector Development Programme (PSDP) budget cuts and expenditures.

Additionally, during the introduction session, representatives from the Ministry of Planning and the Ministry of Finance gave a briefing.

The economic team would start formal negotiations with the IMF delegation tomorrow, according to sources at the Ministry of Finance.

According to the timetable, the Ministry of Finance and other ministries will meet with the IMF tomorrow.

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As negotiations for the next $1 billion start, the IMF seeks a crackdown on tax evasion in Pakistan’s real estate.

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The International Monetary Fund (IMF) has urged action against people who falsify property values and has asked for tougher steps to stop tax cheating in Pakistan’s real estate industry.

The government promised the IMF that it would activate the Real Estate Regulatory Authority as part of the proposed reforms.

Sources claim that people and brokers who inflate property valuations will face severe consequences, such as fines and jail time.

Agents who do not register may be fined up to Rs500,000, according to sources.

The Real Estate Regulatory Authority has the authority to inflict a maximum sentence of three years in prison. Agents that give misleading information risk having their licences revoked by the authority.

Agents who give false information risk fines ranging from Rs200,000 to Rs500,000.

Fines for property transfer misstatements might range from Rs 500,000 to Rs 1 million.

The new rules are intended to stop financial fraud and increase openness in the real estate industry.

Negotiations for the next $1 billion installment of Pakistan’s $7 billion loan programme with the International Monetary Fund (IMF) started underway Monday.

According to the finance ministry, since Pakistan has previously complied with the most of the IMF’s stringent requirements, formal discussions between the IMF mission and the Pakistani government team were scheduled to last for two weeks.

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