Finance Minister Muhammad Aurangzeb on Saturday said the proposed federal budget for fiscal year 2026-27 (FY27) would provide the foundation for accelerating the sustainable economic growth achieved over the past two years. Wrapping up the budget debate in the National Assembly, Aurangzeb described the budget as a positive and pro-growth document that had received encouraging […]
tax reforms
FBR says 9,000 Pakistanis hold billions in deposits but pay no income tax
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Langrial has revealed that around 9,000 individuals in Pakistan collectively hold bank deposits worth Rs750 billion despite paying no income tax, highlighting significant gaps in the country’s tax system. The disclosure was made during a meeting of the National Assembly Standing Committee on Finance, chaired by Syed […]
Budget 2026-27 prioritises defence, debt and reforms
Finance Minister Muhammad Aurangzeb has presented Pakistan’s federal budget for fiscal year 2026-27 with a total outlay of Rs18.77 trillion, outlining measures aimed at maintaining economic stability, supporting development and strengthening fiscal discipline. Presenting the budget in the National Assembly of Pakistan, the minister said the government’s economic strategy focuses on controlling inflation, improving revenue […]
Aurangzeb outlines growth push in post budget briefing
Finance Minister Muhammad Aurangzeb addressed a post-budget press conference in Islamabad, outlining key priorities of the federal budget 2026-27 and defending the government’s economic direction. He said the economy is moving in the right direction and stressed that Pakistan is now shifting from stability toward sustained growth. During the briefing, he highlighted that the […]
MQM-P calls for end to petroleum levy
The Muttahida Qaumi Movement-Pakistan (MQM-P) has called on the government to abolish the petroleum levy and broaden tax collection by targeting wealthy segments of society, arguing that the current tax structure places an excessive burden on ordinary citizens. Read More: Govt undoes relief to salaried class; slaps Rs 50/litre fuel levy The demand was made by […]
PM Shehbaz Sharif promises public relief measures in upcoming federal budget
Prime Minister Shehbaz Sharif has said the government is incorporating measures in the upcoming federal budget aimed at providing relief to the public while continuing efforts to strengthen economic stability and growth. Read More: PM seeks bigger development budget ahead of FY27 The prime minister made the remarks during a meeting with a delegation of leading industrialists […]
Shadow budget issued with support of FPCCI, signature of Ahmed Nawaz Sukhera
ISLAMABAD: An economic policy and business development think tank has presented its proposed shadow budget for the fiscal year 2026-27, recommending wide-ranging tax reforms and measures aimed at reducing the cost of doing business in Pakistan. The shadow budget was issued with the support of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) […]
IMF backs Pakistan’s fiscal stability efforts
The International Monetary Fund has reaffirmed support for Pakistan’s fiscal stability efforts and agreed to continue discussions with authorities on the upcoming federal budget and economic reforms. An IMF mission led by Eva Petrova visited Islamabad from May 13 to 20 to review recent economic developments, reform progress and budget planning for fiscal year 2027. […]
Pakistan Business Forum called on the government to abolish super tax
The Pakistan Business Forum has called on the government to abolish super tax and introduce business-friendly reforms in its budget proposals for fiscal year 2026-27. The forum submitted its recommendations to the Ministry of Finance, urging policymakers to prioritise economic growth and reduce the cost of doing business. Read More: EU-Pakistan business forum launched, opening […]
World Bank pushes Pakistan toward smarter revenue growth
The World Bank has called on Pakistan to reform its tax system and widen the tax base, saying stronger revenue is vital for economic stability and long-term development. It also urged the country to use environmental measures, such as discouraging pollution, as new ways to generate funds while protecting natural resources. Moreover, the report warned […]