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.
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.