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The International Monetary Fund (IMF) could delay the new $7 billion bailout if Pakistan fails to secure a $2 billion financing gap from commercial lenders by the end of the current week.Pakistan must submit a signed Letter of Intent (LoI) to the IMF Executive Board for approval of the 37-month Extended Fund Facility (EFF) while committing to comply with all …

Payoneer Raises Fees for Pakistani Users: A Setback for Freelancers In a significant move, Payoneer, a widely used online money transfer platform, has increased its transaction fees for users in Pakistan. This decision has raised concerns, particularly among freelancers who rely on Payoneer for receiving payments from international clients. As of October 20, 2024, Payoneer will be charging a 3% …

The Necessity of Taxes for Economic Stability Finance Minister Muhammad Aurangzeb recently emphasized a critical point: “The country cannot be run through charity; everyone must pay taxes.” This statement highlights a fundamental truth about economic management and national development. Taxes are essential for funding government functions and ensuring economic stability. Current Economic Performance According to the Finance Minister, the country’s …