Govt Considers NFC-Based Financial Framework to Strengthen Gilgit-Baltistan Finances
The federal government is considering an NFC-based financial framework for Gilgit-Baltistan, while the GB Assembly has approved an AJK-style interim financial arrangement.
Finance Minister Muhammad Aurangzeb warns rapid population growth and climate change pose existential threats to Pakistan
Federal Finance Minister Muhammad Aurangzeb calls for structural reforms, contraceptive tax relief, and National Finance Commission revisions to tackle population surge.
World Bank Urges Pakistan to Reform NFC Award and Slash Federal Spending
World Bank Country Director Bolorma Amgaabazar calls for a new National Finance Commission Award to address Pakistan’s Rs2 trillion annual fiscal shortfall.
World Bank Analysis Identifies Critical Vulnerabilities in Pakistan Fiscal Federalism Framework
A new World Bank report reveals major structural flaws in Pakistan fiscal federalism following the eighteenth amendment citing tax fragmentation and rising deficits.
Khyber Pakhtunkhwa Unveils 2.17 Trillion Rupee Budget for FY27 Amid Deepening Center Province Tensions
Khyber Pakhtunkhwa Chief Minister Sohail Afridi presents a 2.17 trillion rupee budget for fiscal year 2026-27 projecting a 48 billion rupee deficit met via domestic savings.
FBR Sets Record Tax Collection Target of Rs 15.264 Trillion For Budget 2026-27
The Federal Board of Revenue targets 15.264 trillion rupees in tax collection for fiscal year 2026-27 under the framework of the ongoing IMF program.
Pakistan Budget Deficit Hits 856 Billion Rupees Despite Strong Tax Collection and Provincial Surplus
Pakistan reports a federal budget deficit of 856 billion rupees for the first nine months of FY26 as high debt servicing and defense spending offset record tax revenues.
Prime Minister Coordinator Outlines Inflation Reduction Strategy and Relief Measures for Federal Budget
Prime Minister Coordinator Rana Ihsan Afzal Khan confirms the upcoming federal budget will prioritize public relief and austerity without imposing new financial burdens.
Prime Minister Shehbaz Sharif Urges Provinces to Release Fuel Subsidy Funds for Digital Disbursement
Prime Minister Shehbaz Sharif calls for provincial cooperation to fund a 200 billion rupee fuel subsidy package delivered through secure digital wallets.
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.