President Asif Ali Zardari has approved three amendment bills covering Pakistan’s export financing framework, financial institution recovery mechanisms and tax administration, according to an official statement issued on Tuesday. The approved legislation includes the Export-Import Bank of Pakistan (Amendment) Bill, 2026, the Financial Institutions (Recovery of Finances) (Amendment) Bill, 2026 and the Federal Board of Revenue (Amendment) Bill, 2026.
The approvals cover areas that are directly linked to Pakistan’s financial and economic management framework. The legislation focuses on strengthening institutional arrangements for export financing, improving the legal framework governing recovery of finances by financial institutions and making changes to the country’s revenue administration structure.
The Export-Import Bank of Pakistan (Amendment) Bill, 2026 relates to Pakistan’s export financing framework. Export financing remains an important component of efforts to expand the country’s export base and improve the ability of domestic businesses to access international markets. The legislation is aimed at strengthening the framework through which export-related financing can be supported.
The amendment comes as Pakistan continues to focus on increasing exports and improving the competitiveness of local businesses. Greater access to suitable financing is an important part of supporting businesses engaged in international trade, particularly as companies seek to expand their presence in overseas markets.
President Zardari also approved the Financial Institutions (Recovery of Finances) (Amendment) Bill, 2026. The legislation concerns the legal framework governing the recovery of finances by financial institutions. The amendments are intended to strengthen the mechanisms available for financial institutions to recover outstanding finances and improve the overall framework governing financial-sector recovery.
The third approved legislation, the Federal Board of Revenue (Amendment) Bill, 2026, relates to Pakistan’s tax administration and revenue collection framework. The amendment forms part of wider government efforts to strengthen revenue mobilisation and improve the effectiveness of tax administration.
Together, the three bills cover important areas of Pakistan’s financial and economic system. Export financing affects businesses involved in international trade, financial recovery legislation concerns the operations of financial institutions, while changes involving the Federal Board of Revenue affect the country’s tax administration and revenue collection system.
The approvals come as the government continues efforts to improve economic governance and strengthen institutional frameworks connected with revenue mobilisation, investment and private-sector activity. The measures also form part of broader efforts to improve efficiency across financial and economic management.
An improved export financing framework could support businesses seeking greater access to international markets, while changes to financial recovery mechanisms could strengthen the legal environment for financial institutions. At the same time, amendments concerning the Federal Board of Revenue are linked to the administration of taxes and the collection of government revenue. Separately, President Asif Ali Zardari approved the conferment of a Pakistan Civil Award on Syed Ali Mahmood in recognition of his services to the country. The award approval was announced alongside the approval of the three amendment bills.
The latest approvals therefore cover both financial and administrative areas, with the Export-Import Bank of Pakistan, financial institutions and the Federal Board of Revenue each affected by separate legislation. The measures are intended to strengthen the respective institutional and regulatory frameworks as Pakistan continues to address export financing, financial recovery and revenue administration.Follow the PakBanker Whatsapp Channel for updates across Pakistan’s banking ecosystem.