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The final IMF programme for Pakistan will be its 25th. FM Aurangzeb

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During a news conference in Islamabad, Aurangzeb stated that the IMF package was for the entire nation, not just the federal government. In order to maintain economic stability, he emphasised the significance of making difficult decisions.

Since joining the International Monetary Fund (IMF) in 1950, Pakistan has benefited from 25 different IMF programs. Approved in September 2024, the 37-month Extended Fund Facility (EFF) is the most recent scheme.

“A new strategy is required. At a press conference held here, the minister stated, “If we are to say that this is going to be the last program of the IMF, which we have just embarked on, we have to change the DNA of the economy fundamentally.” The Federal Board of Revenue Chairman, Rashid Mahmood Langrial, was with him.

According to Aurangzeb, the International Monetary Fund (IMF) was approached for the Extended Fund Facility (EFF) for two key reasons: to permanently establish macroeconomic stability and to carry out important changes in line with domestic economic goals.

He cautioned that if these actions weren’t taken right away, the paid class would be more burdened. In order to achieve sustainable development, the finance minister also emphasised the necessity of curbing population growth.

While acknowledging the inevitable rise in tax income, Aurangzeb stressed the need for tax collection agencies to uphold human rights. In order to combat smuggling, he announced the creation of digital checkpoints and highlighted the government’s intention to deploy technology widely.

Aurangzeb also talked about initiatives he was working on with provincial administrations to bring down prices. He asked that in order to prevent inflation, the four provinces concentrate on pricing control committees. He pointed out that lower petrol prices ought to translate into lower transportation costs.

Furthermore, the finance minister disclosed that open talks about financing for climate change had taken place with the World Bank and IMF. He declared that the World Bank would support climate-related activities financially and technically.

Senator Muhammad Aurangzeb, the federal minister of finance and revenue, reaffirmed the government’s commitment to implementing domestic structural reforms and stressed the crucial need to make fundamental changes to the nation’s economic structure in order to create an export-driven model and promote sustainable growth.
In order to build a house, he stated, macroeconomic stability lays the groundwork. “If we have to go for inclusive and sustainable growth, it has to be on the background of the macroeconomic stability,” he said.

According to the minister, although macroeconomic stability persisted in the first quarter of the current fiscal year, it required persistence to result in sustained growth. “Stabilisation of the macroeconomic

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The total amount of Pakistan’s liquid foreign reserves is $15.95 billion.

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As of February 14, Pakistan’s total liquid foreign reserves were $15,947.9 million, with the State Bank of Pakistan’s (SBP) holdings being $11,201.5 million.

Official figures for the week ending February 14, 2025, show that the central bank’s liquid foreign exchange reserves rose by $35 million to $11,201.5 million.

Commercial banks maintained net foreign reserves of $4,746.4 million during the period under review, according to the breakdown of foreign reserves.

The nation’s total liquid foreign reserves as of the week ending February 07, 2025, were $15,862.6 million.

Of these, the central bank held $11,166.6 million in foreign reserves, while commercial banks kept $4,696 million in net reserves.

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In January 2025, RDA inflows reach 9.564 billion USD.

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Remittances under the Roshan Digital Account (RDA) increased from US $9.342 billion at the end of 2024 to US $9.564 billion by the end of January 2025.

The most recent data issued by the State Bank of Pakistan (SBP) revealed that remittance inflows in January totaled US$222 million, compared to US$203 million in December and US$186 million in November 2024.

Millions of Non-Resident Pakistanis (NRPs), including those who own a Non-Resident Pakistan Origin Card (POC), desire to engage in banking, payment, and investing activities in Pakistan using these accounts, which offer cutting-edge banking options.

Nearly 778,697 accounts were registered under the scheme by the end of January 2025, according to the data.

By the end of January, foreign-born Pakistanis had contributed US $59 million to Roshan Equity Investment, US $479 million to Naya Pakistan Certificates, and US $799 to Naya Pakistan Islamic Certificates.

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FBR lowers Karachi’s built-up structure property valuation rates

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A year-by-year breakdown of the depreciation value of residential and commercial built-up properties is included in the updated property valuation rates for Karachi that the FBR has announced.

The notification said that built-up structural values on residential property will be gradually reduced.

A residential home’s built-up structure, which is five to ten years old, will lose five percent of its worth.

In a similar vein, constructions between the ages of 10 and 15 will lose 7.5% of their value, while those between the ages of 15 and 25 would lose 10%. Built-up structures that are more than 25 years old will be valued similarly to an open plot.

Furthermore, age will also be used to lower the valuation of built-up properties, such as apartments and flats.

Structures that are five to ten years old will depreciate by ten percent, while those that are ten to twenty years old will depreciate by twenty percent. A 30% depreciation will be applied to properties that are 20 to 30 years old, while a 50% reduction will be applied to those that are above 30 years old.

In terms of commercial built-up properties, buildings that are 10 to 15 years old will lose 5% of their value, while those that are 15 to 25 years old will lose 8%. The value of properties that are more than 25 years old will drop by 10%.

In contrast, there would be a 15% boost in the value of commercial properties in the Defence Housing Authority (DHA) that face any Khayaban.

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