Pakistan Government Implements Tax Overhaul And Digital Initiatives To Strengthen Economy
Pakistan accelerates tax reforms and digital transformation under the Ministry of Finance, enhancing financial inclusion, investor confidence, and macroeconomic stability while modernizing public infrastructure.
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.