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.
Pakistan’s Capital Market Embraces T+1 Settlement Cycle in Major Reform for Faster Trade Execution
Pakistan’s capital market will move to a T+1 settlement cycle from February 2026, marking a key regulatory milestone. The shift, driven by SECP, PSX, NCCPL, and CDC, aims to enhance efficiency, reduce risk, and align with global financial systems.