Pakistan and the International Monetary Fund (IMF) have settled on a plan to lower the country’s average tariffs from 10.6 percent to 6 percent over the next five years. This change aims to boost foreign competition and make Pakistan the South Asian country with the lowest tariffs.

The International Monetary Fund (IMF) has turned down the Federal Board of Revenue’s (FBR) request to lower transaction taxes on property for now, according to The News.

Sugar prices in Pakistan are still high, ranging from Rs164 to Rs180 per kilogram in many cities, even after the government ordered rates to drop below Rs164 per kg. Official warnings and actions against hoarding have had little effect.

Pakistan Railways earned a record Rs88 billion in 2024, a 40% increase from the previous year, thanks to adding 10 new freight trains, increasing coach capacity, and improving services like executive washrooms and dining lounges.

The International Monetary Fund (IMF) has tentatively agreed to lower the withholding tax (WHT) on property purchases by 2% starting April 2025, while keeping the tax rates for property sellers unchanged, according to The News.

The State Bank of Pakistan (SBP) has scheduled a three-day closure for Eid-ul-Fitr 2025, keeping its offices shut from Monday, March 31, to Wednesday, April 2, 2025, to mark the holiday.