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.
Pakistan Reaffirms Commitment to Regional Economic Integration at SCO Finance Ministers’ Meeting
At the SCO Finance Ministers’ Meeting in Beijing, Pakistan reiterated its dedication to regional economic cooperation, highlighting digital financial initiatives, macroeconomic reforms, and its support for the proposed SCO Development Bank. The address was delivered virtually by Finance Minister Muhammad Aurangzeb.