Ahsan Iqbal Calls for Tax Reforms, Digitalization to Support Uraan Pakistan
Planning Minister Ahsan Iqbal says tax reforms, resource mobilization, digitalization and stronger exports are essential to achieving Uraan Pakistan’s goal of transforming Pakistan into a $1 trillion economy by 2035.
Pakistan’s Fiscal Deficit Narrows To 2.6% Of GDP In FY2026 On Higher Revenue And Lower Spending
Pakistan’s fiscal deficit narrowed to 2.6% of GDP in FY2026 from 5.4% a year earlier, supported by stronger revenue, lower expenditure and a sharp decline in mark up payments.
Central Bank Orders Weekend Branch Openings to Facilitate National Tax Collection Drive
The State Bank of Pakistan directs commercial banks to keep branches operational over the weekend to assist taxpayers with over the counter tax payments.
Cashless Economy Drive Faces Hurdles as Only 700,000 Retailers Adopt Digital Payments
Pakistan’s cashless economy initiative faces challenges as less than 700,000 retailers currently offer digital payment options, highlighting the gap between government targets and implementation.
AGP Report Highlights Major Discrepancies in Tax and Refund Data Between FBR and SBP
The Auditor General of Pakistan has identified significant discrepancies of billions of rupees between the Federal Board of Revenue and State Bank of Pakistan’s tax collection and refund figures for FY 2023-24, raising concerns over data accuracy and financial transparency.