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 […]
tax reforms
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 […]
Pakistan adds million taxpayers, forex surges
Prime Minister Shehbaz Sharif said Pakistan has added more than one million new taxpayers to the system. He also highlighted a strong increase in foreign exchange reserves. He was speaking at the launch of economic governance reforms in Islamabad. Addressing the ceremony with Finance Minister Muhammad Aurangzeb, the prime minister said the economy faced severe […]
IMF reforms are part of Pakistan’s planned agenda
ISLAMABAD – The Ministry of Finance clarified that ongoing reforms under the IMF Extended Fund Facility (EFF) program are not sudden, but a continuation of Pakistan’s previously agreed economic reform agenda. According to the ministry, the Memorandum of Economic and Financial Policies (MEFP) outlines steps proposed by the government at the start of the program. […]
Nestlé outlines major investment boost in Pakistan
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb reaffirmed the government’s commitment to expanding Pakistan’s formal economy during a meeting with a Nestlé Pakistan delegation on Monday. He stressed that improved compliance, transparency, and tax reforms are essential for long-term economic stability as the government continues cracking down on informal markets. The minister highlighted […]
Aurangzeb urges provinces to boost revenue for sustainable growth
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Sunday cautioned against a “gold rush” approach to economic growth, stressing that Pakistan must prioritise sustainable, long-term reforms. He emphasised that both the federation and provinces must enhance their revenue contributions ahead of the crucial National Finance Commission (NFC) meeting on December 4. Read More: PM approves digital ecosystem […]