The federal government and the Pakistan Peoples Party (PPP) have reached a key financial understanding ahead of the 2026-27 budget, paving the way for consensus on fiscal matters and easing concerns over resource distribution between the federation and provinces. According to sources, negotiations between the government’s technical committee and the PPP concluded successfully during a […]
tax revenue
Formalisation key to boost exports, tax revenue: minister
Federal Minister for Commerce Jam Kamal Khan said that Pakistan’s exports will remain constrained unless the country’s large informal sector is brought into the formal economy, stressing that formalization would not only enhance export growth but also increase tax revenues and improve the overall quality of manufacturing. He expressed these views during a meeting with […]
Trump accuses Ireland of taking US pharma companies tax revenue
Former US President Donald Trump accused Ireland of “stealing” US pharmaceutical companies and their tax revenue. Speaking at a St. Patrick’s Day press conference, he claimed Ireland controls the US pharmaceutical industry. He criticized Ireland’s low-tax policies, which have attracted major firms like Pfizer and Eli Lilly. Despite his remarks, Trump acknowledged strong ties with […]
Ex-PM says national budget ‘based on a lie’ of 24% increase in tax revenue
Former prime minister and PMLN Senior Vice President Shahid Khaqan Abbasi has said that the PTI-led government’s entire federal budget 2021-22 was based on the lie that this government will increase the tax revenue collection of the country by 24 percent. “They have not been able to meet a single one of their revenue targets […]