Pakistan records fiscal surplus during Jul–Nov FY2026
Pakistan achieved a consolidated fiscal surplus of 0.8% of GDP during Jul–Nov FY2026, supported by revenue growth and lower mark-up payments.
Pakistan’s Fiscal Cheat Code: How Supplementary Grants Are Reshaping Budget Discipline
An in-depth look at how Pakistan’s growing reliance on supplementary grants, highlighted by the IMF’s 2025 Governance and Corruption Diagnostic Report, is impacting budget credibility, parliamentary oversight, and public financial management.
Fiscal Rebalance: FBR Moves to Align Bank Taxation with Digital Economy Needs
The Federal Board of Revenue (FBR) in Pakistan is pushing to remove the special tax privileges extended to banks under the Seventh Schedule of the Income Tax Ordinance 2001. This proposed shift aims to bring banks under the normal corporate tax regime, potentially impacting their digital finance strategies and operational models as the nation seeks to broaden its tax base.