2 w. ago FBR says banks pay 53% tax on income, seeks end to special privileges

ISLAMABAD: The Federal Board of Revenue (FBR) has revealed that banks in Pakistan pay a heavy 53% tax on their income. FBR Chairman Rashid Langrial disclosed this during a meeting of the National Assembly’s Standing Committee on Finance on Thursday, sparking discussions on the tax structure for financial institutions. He stated that the government wants […]

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2 w. ago Government flags serious economic risks threatening next fiscal year’s budget

ISLAMABAD – The government has warned in a report submitted to Parliament that next year’s budget faces several serious economic and financial risks. These include slow economic growth, rising inflation, and an increasing debt burden. The report highlights key challenges such as below-target GDP growth, sudden inflation spikes, exchange rate fluctuations, declining revenues, rising debt […]

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3 w. ago Ahsan Iqbal unveils Rs. 4.2 trillion development budget to lead Pakistan from crisis to confidence

Planning Minister Ahsan Iqbal presented Pakistan’s Development Budget for 2025–2026, highlighting a strong shift from crisis to confidence. He reminded the nation that just two years ago, Pakistan was on the edge of economic collapse. Now, the country is focusing on growth, stability, and transformation. The GDP has started to rebound with 2.7% growth this […]

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3 w. ago Pakistan likely to miss revenue generation, real GDP growth targets

ISLAMABAD – S&P Global Market Intelligence forecasts the overall budget deficit to be 5.1 per cent of GDP, higher than

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4 w. ago Economic Survey: PTI accuses govt for ‘mismanaging’ economy, calls GDP growth ‘fabricated’

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) on Monday strongly rejected the federal government’s Economic Survey 2024-25, accusing the coalition regime of “mishandling the economy, pushing millions into poverty, and fabricating gross domestic product (GDP) figures.” “At least 30 million people in Pakistan had slipped below the poverty line these were the very people (incumbent rulers) brought […]

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4 w. ago PTI slams govt’s economic survey, calls growth figures ‘fake and misleading’

ISLAMABAD – Pakistan Tehreek-e-Insaf (PTI) has strongly rejected the federal government’s Economic Survey 2024–25, calling the reported GDP growth “fabricated” and accusing the coalition of pushing millions into poverty. PTI spokesperson Sheikh Waqas Akram said the government’s economic performance is no cause for celebration. Speaking at a press conference after the survey was released, Akram […]

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4 w. ago Pakistan moving in the right direction, inflation under control: Finance Minister

ISLAMABAD – Finance Minister Muhammad Aurangzeb has said that Pakistan is heading in the right direction and has successfully brought inflation under control, as he presented the Economic Survey 2024-25 on Sunday. While addressing a press conference in Islamabad, Aurangzeb said global GDP growth has slowed to 2.8%, but Pakistan recorded an increase in its […]

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