Pakistan’s Fiscal Discipline Strengthens as Primary Balance Hits 24-Year High
Pakistan’s fiscal position strengthened in FY2025 with the lowest deficit in eight years and a 24-year high primary surplus, as improved revenue collection and disciplined spending set the stage for FY2026.
Revenue Without Return: The Taxpayer’s Alibi in Pakistan’s Fiscal Crisis
Pakistan’s tax crisis is less about unwilling taxpayers and more about state inefficiency, debt-driven governance, and misuse of resources. Despite record collections, citizens see little return for their contributions, leaving the fiscal system strained and trust eroded.