{
  "id": 4998648,
  "title": "Govt told to renegotiate IMF terms",
  "url": "https://urgent.news/2026/09/02/govt-told-to-renegotiate-imf-terms-4998648",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T02:27:32.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2026750/govt-told-to-renegotiate-imf-terms"
  },
  "original_language": "en",
  "account": "The Senate Standing Committee on Finance and Revenue has been advised to renegotiate the terms of the IMF’s Extended Fund Facility with Pakistan. This follows a directive from the subcommittee for the government to phase out Export Processing Zones (EPZs) and Special Economic Zones (SEZs by 2035. The subcommittee directed the Ministry of Industries and Production to discuss the implications of this decision, which would bring all sectors under a single tax regime. The Ministry informed the committee about potential challenges faced by exporters and businesses in banking transactions. They suggested practical alternatives, such as insurance guarantees instead of traditional bank guarantees or cheques. The Federal Board of Revenue (FBR) committed to addressing this issue. The committee also recommended the use of facial recognition technology to verify taxpayers' identities. They directed the FBR and National Automated Database and Records Authority (NADRA) to resolve this matter quickly. The committee discussed the National Auto Policy, focusing on measures to promote electric vehicles (EVs). They highlighted the availability of viability gap funding to establish 3,000 EV charging stations across Pakistan. The subcommittee noted that power outages affect businesses, particularly during market closures. They were briefed on unauthorised and illegal share transfers and legal disputes in the share market, which the Securities and Exchange Commission of Pakistan (SECP) was addressing. The committee stressed that FBR should improve engagement with businesses, providing maximum facilitation and enhancing ease of doing business.",
  "summary": "ISLAMABAD: Pakistan will phase out Export Processing Zones (EPZs) and Special Economic Zones (SEZs) nationwide by 2035, under the IMF’s Extended Fund Facility conditionality, to bring all sectors under a uniform tax regime, a parliamentary committee was told on Tuesday. The subcommittee of the Senate Standing Committee on Finance and Revenue directed the government to renegotiate with the IMF to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn",
        "title": "Govt told to renegotiate IMF terms",
        "url": "https://urgent.news/2026/09/02/govt-told-to-renegotiate-imf-terms",
        "published": "2026-09-02T02:27:32.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}