Pakistan Revenue
ISLAMABAD: Pakistan has formally empowered the Tax Policy Office (TPO) to prepare tax proposals for the federal budget 2026-27 after amending the Rules of Business, 1973, in a move aimed at streamlining fiscal policymaking and strengthening institutional oversight.
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Islamabad, September 4, 2024 – In a bid to bolster foreign investments in Pakistan, Finance Minister Senator Muhammad Aurangzeb held a strategic meeting with a delegation of international investors. The delegation, led by Chief Executive Officer (CEO) of J.P. Morgan Pakistan, Amin Mohammad Khowaja, aimed to explore fixed-income investment opportunities in the country’s burgeoning economy.
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Karachi, August 30, 2024 – The Finance Ministry has projected a decline in Pakistan’s headline inflation, forecasting it to fall within the range of 9.5-10.5% for August 2024. This trend is expected to continue, with inflation anticipated to ease further to 9-10% by September 2024.
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Islamabad, August 9, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Friday underscored the recent positive developments in Pakistan’s economic landscape during a meeting with Shi Yuanqiang, Chargé d’Affaires of the Embassy of the People’s Republic of China, and other embassy officials.
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In a move aimed at providing relief to the lower income segment of society, Pakistan announced a significant increase in the minimum wage, raising it to Rs 37,000 per month.
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Islamabad, April 30, 2024 – According to the Ministry of Finance’s Economic Update and Outlook for April, released this Tuesday, Pakistan’s national economy is set for a strong recovery, evidenced by encouraging macroeconomic indicators that signal sustained progress and development in the coming fiscal year.
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Islamabad, March 23, 2024 – Pakistan’s Federal Minister for Finance and Revenue, Muhammad Aurangzeb, revealed intentions to explore Chinese investment avenues by considering the sale of Panda bonds worth up to $300 million, marking the country’s debut in the Chinese bond market.
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In a significant move towards fiscal transparency and governance, Pakistan is gearing up to present its federal budget for the fiscal year 2024-25 in the first week of June.
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Karachi, January 11, 2024 – In a significant development, the Executive Board of the International Monetary Fund (IMF) has granted approval for an immediate disbursement of $700 million to Pakistan.
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In a recent announcement, the Pakistani government has decided to disburse the salary and pension payments for government employees ahead of Eid-ul-Fitr this month.
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