Economy

ISLAMABAD — Amid local media reports highlighting deep structural differences between political allies over taxation policies, President Asif Ali Zardari and Prime Minister Shehbaz Sharif held a pivotal consultative session at the PM House last night. President Zardari strongly stressed the need to harmonize macroeconomic growth targets with public welfare schemes and provincial development funds […]

ISLAMABAD — The Federal Board of Revenue (FBR) is set to undergo its most aggressive transformation yet, with the upcoming Finance Bill 2026 mapping out nearly Rs1 trillion in new policy and enforcement measures. According to senior ministry sources, the FBR will legally transition into a completely “Faceless Entity” starting October 1, 2026, to eliminate

ISLAMABAD — Shifting away from its previous policy of total non-engagement, the opposition party, Pakistan Tehreek-e-Insaf (PTI), has officially released its alternative economic proposals for the FY2026-27 budget cycle. The shadow economic framework demands a sweeping overhaul of current fiscal plans, urging the government to double the minimum taxable income threshold for salaried individuals from

ISLAMABAD — The Ministry of Commerce and the Deputy PM office are officially reviewing a renewed proposal from the Pakistan Sugar Mills Association (PSMA) to allow the export of 1.3 million metric tons of surplus sugar. While the millers argue that international shipments are vital to clear pending dues owed to sugarcane growers and bring

ISLAMABAD — As final structural frameworks for the Federal Budget are locked in, the government has set an ambitious tax collection target for the Federal Board of Revenue (FBR) at Rs14,131 billion, representing a steep 9% scaling from last year’s target. To bridge fiscal gaps and curb tax leakage without over-burdening regular documented segments, Finance

ISLAMABAD — In a major step toward shaping the country’s upcoming fiscal outline, Prime Minister Shehbaz Sharif held high-level consultative sessions with Pakistan’s leading industrial barons—including Mian Muhammad Mansha and Arif Habib—to finalize measures for the Federal Budget FY2026-27, now officially scheduled for presentation on June 10. While the business community strongly pressed for tax