Pakistan Revenue
Business leaders urge growth-focused reforms as government finalizes budget proposals for FY2026-27 Pakistan’s leading business leaders and industrialists met Prime Minister Shehbaz Sharif on Wednesday to discuss priorities and proposals for the federal budget FY2026-27, focusing on economic growth, exports, investment promotion and tax reforms.
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PIDE proposes hybrid wage-setting model linked to productivity, affordability and worker welfare The Pakistan Institute of Development Economics (PIDE) on Tuesday proposed raising the national minimum wage to Rs45,000 per month for fiscal year 2026-27 under a new evidence-based framework designed to reform wage determination and strengthen labour market governance.
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PM directs ministries to adopt modern technologies, boost industrial output and expand exports under wide-ranging economic reform agenda Prime Minister Muhammad Shehbaz Sharif has instructed all federal ministries to engage industry experts and technology specialists to support the integration of modern technologies into key sectors of the economy, as part of broader efforts to boost […]
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Cabinet clears nationwide medicine tracking system to enhance patient safety and eliminate counterfeit drugs from the supply chain In a major reform for Pakistan’s healthcare sector, the federal cabinet has approved the nationwide rollout of a Track and Trace System for pharmaceutical products, introducing a digital mechanism designed to monitor medicines throughout the supply chain […]
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Prime Minister directs FBR to settle outstanding tax refunds within two weeks to improve business liquidity and investor confidence Prime Minister Muhammad Shehbaz Sharif on Monday directed the Federal Board of Revenue (FBR) to clear all pending tax refund cases by June 15, 2026, in a significant move aimed at easing liquidity pressures on businesses […]
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PMD warns of heavy rain, hailstorms and strong winds across Punjab, KP, Sindh, Balochistan, AJK and Gilgit-Baltistan from June 2 to June 5 The Pakistan Meteorological Department (PMD) on Monday issued a nationwide weather alert, forecasting widespread dust-thunderstorm rain across large parts of the country from June 2 to June 5 and warning of heavy […]
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State Bank introduces SAR and AED-denominated certificates to attract more investment from overseas Pakistanis in Gulf countries The State Bank of Pakistan (SBP) has expanded the Naya Pakistan Certificates (NPCs) scheme by introducing investment certificates denominated in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), aiming to attract greater participation from overseas Pakistanis residing in […]
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CPI rises from 10.9% in April as food, energy and transport costs keep pressure on households Pakistan’s headline inflation rose to 11.7% in May 2026, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday, reflecting persistent price pressures across food, energy and transport segments.
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Adviser says revised projections reflect macroeconomic changes, denies claims of fiscal shortfall or revenue crisis Pakistan has revised downward the Federal Board of Revenue’s (FBR) tax collection target for fiscal year 2025-26 (FY26) to around Rs13 trillion, down from the original Rs14.13 trillion, according to the Finance Ministry adviser, who said earlier claims of a […]
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Revenue shortfall nears Rs868 billion as tax authorities intensify enforcement efforts before fiscal year-end. Taxpayers are likely to face heightened scrutiny in June as the Federal Board of Revenue (FBR) prepares an aggressive enforcement drive to maximize revenue collection and reduce a substantial shortfall before the close of fiscal year 2025-26.
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