Pakistan is among the 69 countries that have to pay a tariff.

The deal is also seen as a major step toward deepening Pakistan’s trade relations with individual US states.

The current policy rate is 11 percent.

PM Shehbaz stated that easing the burden on the poor were among the government’s key priorities.

Pakistan received a record-breaking $38.3 billion in worker remittances.

However, global shares and the dollar declined despite the truce.

The record transfers reflect both increased federal revenue collections and a continued commitment to resource devolution.

E-commerce businesses will be required to submit monthly transaction data and tax returns.

ADB Country Director for Pakistan, Emma Phan, noted that the country has made significant progress in stabilising its economy.

The IMF highlighted key areas for reform, including a primary surplus target of 1.6%.

Despite India’s request to halt tranche, IMF approved it.

During the 10 months of the ongoing fiscal year, a significant drop of 25.97% was recorded compared to last year.

The decline occurred as the White House considered firing Federal Reserve Chair Powell.

According to the Cabinet Division, 11,558 of the abolished positions belong to Grade-1 employees, the lowest pay scale.

Pakistan’s tax system is inequitable, with only 5 million return filers.