Pakistan Updates Public Finance Management Act to Improve Budget Discipline and Fiscal Control
The Finance Division has notified amendments to the Public Finance Management Act, 2019, strengthening fiscal discipline, budget oversight and public fund management in Pakistan.
Finance Division to Lead Pakistan’s Next Budget as FBR Steps Back from Tax Policy
Finance Minister Muhammad Aurangzeb announced that the Finance Division, not the FBR, will present Pakistan’s next federal budget. He also outlined reforms in tariff reduction, industrial policy, and capital market development, emphasizing long-term competitiveness and sustainable growth.