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.
Finance Bill 2026-27 Revises Advance Tax on Property Transactions and Raises Corporate Banking Levies
The federal government implements a restructured tax framework under the new finance bill lowering property transaction taxes while introducing higher slabs for banks and corporate entities.
Khurram Schehzad Challenges Provincial Tax Collection Claims with FBR FY25 Data
Finance Minister’s Advisor Khurram Schehzad cites FBR data to dispute claims of strong provincial tax performance, highlighting large gaps between provincial tax potential and actual collections in Pakistan.