Revenue Deficit Deepens as Federal Board of Revenue Encounters Major Shortfall Ahead of New Budget
The Federal Board of Revenue faces an 868 billion rupee shortfall during the first 11 months of the fiscal year due to global geopolitical pressures and extended seasonal pauses.
Federal Board of Revenue Encounters Twenty Eight Billion Rupee Revenue Deficit in May Amid Global Conflicts and Holiday Pauses
The Federal Board of Revenue recorded a 28 billion rupee collection shortfall in May as economic contraction, international trade shocks, and festive holidays dented national targets.
Federal Government Prepared to Expel Maturing Tax Exemptions by July 1 to Rectify Fiscal Deficits
The state administration and Federal Board of Revenue plan to eliminate various expiring tax exemptions on July 1 to offset massive fiscal concession losses and secure state revenue.
FBR MTO Karachi Exceeds May Revenue Target with 27 Billion Rupee Collection
The Medium Taxpayers Office Karachi has outperformed fiscal expectations by collecting twenty-seven billion rupees against an assigned target of twenty-five billion.
Pakistan Federal Budget FY27 Prioritises Economic Stabilisation Over Populist Relief Measures
Pakistan faces a challenging fiscal balancing act in its upcoming FY27 federal budget as the government aligns with strict IMF targets to maintain economic stability.
Finance Minister Muhammad Aurangzeb Briefs British High Commissioner on Macroeconomic Progress and Tax Reforms
Pakistan Finance Minister holds a key meeting with the UK envoy to discuss fiscal discipline, digitalization of revenue collection, and bilateral economic cooperation.
State Bank of Pakistan Mandates Extended Banking Hours for Nationwide Tax Collection
The State Bank of Pakistan directs commercial banks to extend public dealing hours and ensure continuous online portal access for fiscal collection.
Customs Valuation Karachi Updates Assessment Values for Artificial Imitation Jewelry Imports
The Directorate General of Customs Valuation Karachi has implemented updated customs values for imported artificial imitation jewelry following extensive market analysis.
Central Bank Orders Weekend Branch Openings to Facilitate National Tax Collection Drive
The State Bank of Pakistan directs commercial banks to keep branches operational over the weekend to assist taxpayers with over the counter tax payments.
State Budget Talks Hit Roadblock as Global Lender Rejects Tax Relief Projections
High-stakes financial discussions between state negotiators and the International Monetary Fund conclude without an agreement on proposed income tax relief and revenue targets.