Federal Government Calls NFC Meeting for December 4 as Provinces Seek Clarity on Fiscal Shares
The federal government convenes the maiden NFC meeting on December 4 to initiate discussions on the 11th NFC Award, while provinces, particularly K-P, press for settlement of outstanding dues and a fairer revenue share amid broader tax system challenges.
FBR Chairman Rashid Mahmood Langrial Rules Out Mini-Budget Amid IMF Review Talks
FBR Chairman Rashid Mahmood Langrial has dismissed speculation of a mini-budget, stating no such plan is under consideration as Pakistan heads into IMF review talks.
New Auditor General Faces Fallout from Pakistan’s ‘Most Expensive Typo’ in Audit Report
Pakistan’s newly appointed Auditor General, Maqbool Ahmed Gondal, inherits the controversy over an audit report that mistakenly cited Rs376 trillion in irregularities due to a typographical error, sparking criticism and raising questions over auditing practices.
FBR Falls Short of FY25 Tax Target by Nearly Rs. 1.5 Trillion Despite Revisions
Pakistan’s Federal Board of Revenue missed its FY25 tax collection target by almost Rs. 1.5 trillion, signaling deep fiscal pressures even after two downward revisions.
KSE-100 Crosses 121,000 as PSX Hits All-Time High Amid IMF Optimism and Budget Hopes
The Pakistan Stock Exchange hit a new record high as the KSE-100 Index surged past 121,000 points, driven by optimism around IMF negotiations, upcoming budget expectations, and regional market momentum.