The 11th National Finance Commission (NFC) held its inaugural meeting in Islamabad, deciding to form working groups to advance financial matters. Finance Minister Mohammad Aurangzeb chaired the session, attended by provincial chief ministers and finance ministers of Sindh, KP, Punjab, and Balochistan. Both federal and provincial governments presented briefings on their financial positions, highlighting transparency […]
Finance Minister Mohammad Aurangzeb
Government pledges swift rehabilitation for flood victims
Finance Minister Mohammad Aurangzeb announced on Sunday that the government is fully committed to rehabilitating flood-affected people, stressing that Prime Minister Shehbaz Sharif has already declared a climate and agricultural emergency. Speaking in Kamalia, he said immediate relief remains the top priority while surveys and assessments are underway to evaluate damages to homes, infrastructure, […]
Federal government cuts sales tax on solar panels from 18% to 10%, finance minister announces
The federal government has decided to reduce the sales tax on imported solar panel parts from 18% to 10%, said Finance Minister Mohammad Aurangzeb during a Senate session. He explained that the earlier 18% tax was introduced to support local solar industry growth and create a fair competitive environment. After extensive consultations and suggestions from […]
IMF team to discuss taxation in Pakistan next week
A technical team from the International Monetary Fund (IMF) will visit Pakistan on April 14, 2025. The team will meet with officials from the Federal Board of Revenue (FBR). They will discuss taxation proposals for the upcoming budget of 2025-26. Media reports indicate that the talks will focus on expanding the country’s narrow tax base. […]