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.
Pakistan Pledges Sustainable Economic Growth at The Future Summit 2025
At the 9th Future Summit in Karachi, Federal Minister Muhammad Aurangzeb emphasized Pakistan’s commitment to structural reforms, fiscal discipline, private sector-led growth, and technology-driven innovation to ensure sustainable long-term development.
Finance Minister Aurangzeb Signals Confidence in Pakistan’s Economic Direction, Highlights Blue Economy as Strategic Growth Driver
Finance Minister Muhammad Aurangzeb says Pakistan’s economy is positioned on a stable path supported by macroeconomic discipline, global confidence, and strategic opportunities in the blue economy, projecting long-term growth through investment, trade, and maritime sector development.
Pakistan Finance Minister Confirms $1.3 Billion Eurobond Payment After $500 Million Settlement
Finance Minister Muhammad Aurangzeb confirms Pakistan’s commitment to meet a $1.3 billion Eurobond payment due in April 2026 after successfully settling $500 million, highlighting macroeconomic improvements, remittances growth, and upcoming reforms.
IMF and Pakistan Commence Critical Review of Extended Fund Facility
Pakistan and the IMF have begun the crucial review of the Extended Fund Facility, with discussions covering revenue performance, fiscal policy, and climate-linked reforms. The outcome will be pivotal for unlocking funds and shaping Pakistan’s economic future.
Income Tax Collection from Salaried Class Rises 21% to Rs85 Billion in Early FY26
Pakistan’s salaried individuals contributed Rs85 billion in income tax during the first two months of FY26, a 21% increase from last year. Provisional FBR data shows stronger collections from corporate and non-corporate employees, though new levies on wealthy pensioners brought in limited revenue.
Aurangzeb Chairs Inaugural Inflation Steering Committee Amid Flood-Driven Food Price Pressures
Finance Minister Muhammad Aurangzeb chaired the first meeting of the newly formed Steering Committee on Inflationary Trends, focusing on rising food prices, disrupted supply chains, and strategies to protect vulnerable households following recent floods.
President Constitutes 11th National Finance Commission to Reframe Federal-Provincial Resource Sharing
The President has constituted the 11th National Finance Commission to redefine the distribution of financial resources between the federation and provinces. Chaired by Finance Minister Senator Muhammad Aurangzeb, the NFC includes provincial finance ministers and nominated experts, with a mandate covering tax proceeds, borrowing powers, grants, and national project funding.
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.
Unlocking Capital Market Potential: SECP Pushes for Stronger Integration Between Banks and Markets
The SECP has outlined reforms to strengthen Pakistan’s capital markets, including Ijarah Sukuk issuance through PSX, T+1 settlements, digital transformation, and pension system enhancements. Chairperson Akif Saeed called for greater integration between banks and markets to unlock growth potential and boost investor confidence.