3 d. ago PM Shehbaz celebrates historic 42% tax revenue growth, pushes for digital reforms

ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday lauded the Ministry of Finance and the Federal Board of Revenue (FBR) for achieving a record 42% rise in federal tax revenue during FY 2024–25 — the highest in a decade. While chairing a high-level meeting to review FBR’s digitization and reform progress, the prime minister was […]

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4 d. ago SRB achieves 29.5% growth with Rs306.6bn tax collection in FY25

The overall tax collection by the Sindh Revenue Board (SRB) during outgoing financial year 2024-25 increased to Rs 306.6 billion depicting a growth of 29.5 % over Rs 236.8 billion revenue collection of the previous financial year. Sindh Revenue Board, in a statement issued here on Tuesday, informed that the board has achieved another milestone […]

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4 d. ago 5G auction delays frustrate Pakistan’s digital leap, govt pushes for quick action

Pakistan’s much-anticipated 5G spectrum auction has faced delays, largely due to ongoing legal complexities. Federal IT Minister Shaza Fatima explained that the auction cannot proceed until the Competition Commission of Pakistan approves the merger between Telenor and PTCL. This approval is crucial, as the commission operates independently and its decision is awaited. The minister emphasized […]

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1 week ago Jam Kamal unveils $60bn export plan with reforms, digital push, and private sector backing

Federal Commerce Minister Jam Kamal Khan has announced an ambitious plan to raise Pakistan’s exports to $60 billion by 2030. While addressing the National Assembly, he presented the new Strategic Trade Policy Framework (STPF) 2024–30, built on consultations with 17 sectoral councils. He stressed that the plan is realistic, backed by data, and designed to […]

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1 week ago Textile exporters urge govt to fix budget anomalies and reconsider new tax rules

LAHORE – Pakistan’s leading textile exporters have urged the government to adopt key industry proposals through the Federal Board of Revenue’s (FBR) budget anomaly committee to safeguard export growth and jobs. In a joint post-budget meeting, the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) and the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) raised […]

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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 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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