Pakistan Prepares for IMF Review Amid Economic Reforms and $1.2 Billion Disbursement
Pakistan is set to host an IMF delegation for the third review of its economic program, highlighting fiscal reforms, structural improvements, and $1.2 billion in expected disbursements to support growth and stability.
Pakistan Social Protection Spending Falls Despite IMF Commitments in FY26
Pakistan’s social protection spending declined by 7.5% to Rs144.9 billion during July–November FY26 under BISP, despite IMF commitments to expand cash transfers, according to the Ministry of Finance.
NFC meeting delay expected as working groups fall behind on key recommendations
The next National Finance Commission meeting may be delayed as working groups struggle to finalize recommendations on fiscal distribution, debt, taxation, and merged districts, impacting federal and provincial planning.
Pakistan Commits to Tax Reforms and Policy Measures to Unlock IMF Tranches
Pakistan has pledged to increase excise duties on fertilisers, pesticides, and sugary items while implementing energy and SOE reforms, aiming to meet IMF targets and strengthen fiscal stability amid ongoing economic recovery.
Pakistan’s Central Government Debt Hits Rs76 Trillion in September, Up 10% Year-on-Year
Pakistan’s central government debt rises 10% YoY to Rs76.61 trillion in September 2025, driven by domestic and external borrowing, with long-term debt growing and short-term borrowing declining.
FBR’s FY25 Report Confirms Sharp Rise in Tax Burden on High-Income Salary Earners
The Federal Board of Revenue’s FY25 annual report acknowledges significant increases in income tax rates for high-income salaried individuals, driven by revenue-generation measures introduced under the Finance Act 2024.
FBR Lifestyle Monitoring Cell Flags High-Spending Taxpayers With Minimal Declared Income for Enforcement Action
The FBR’s Lifestyle Monitoring Cell has flagged individuals displaying extravagant lifestyles while declaring unusually low income, forwarding cases to headquarters and regional tax offices for enforcement amid rising pressure to meet revenue targets.
Pakistan Finance Minister Confirms $1.3 Billion Eurobond Payment Commitment Following $500 Million Settlement
Pakistan Finance Minister Muhammad Aurangzeb assures successful repayment of the $1.3 billion Eurobond due in April 2026 following a $500 million settlement, citing economic reforms, strong remittances, and stable markets as key confidence drivers.
Over 80 Organizations’ Data Utilized in Compiling Pakistan’s Tax Expenditure Report 2025
The Federal Board of Revenue has issued the Tax Expenditure Report 2025, relying on data from more than 80 organizations to calculate the true cost of tax exemptions. Provincial Boards of Revenue, federal agencies, financial institutions, and private sector organizations all contributed to ensure a comprehensive and transparent assessment.
Pakistani Banks Face Rs1 Trillion Deposit Withdrawals in Just Two Months
Pakistan’s banking sector saw withdrawals exceeding Rs1 trillion in July and August 2025, as depositors shifted funds amid falling interest rates and stricter tax enforcement. Experts warn the trend could pressure liquidity and lending capacity across the financial system.