Tue, 21-Oct-2025

Aurangzeb confirms next budget will present Finance division

Aurangzeb confirms next budget will present Finance division

PESHAWAR: Finance Minister Muhammad Aurangzeb on Thursday said that the Tax Policy Office will present the next budget under the Finance Division. Addressing the Pakistan Business Summit in Peshawar, the finance minister stated that Pakistan will have to pay $ 1.3 billion for a Eurobond in April 2026. Pakistan has repaid its $500 million Eurobond … Read more

Govt forms Steering Committee to automate and reform FBR  

FBR unregistered business

ISLAMABAD:  A steering committee has been established for reforms and automation in Federal Board of Revenue (FBR).

Prime Minister Shehbaz Sharif will be the chairman of the 10-member steering committee, whose formal notification has also been issued.

Apart from this, the Federal Ministers of Finance, Commerce, Industry and Production, Law will be members of the Steering Committee.

The committee will take stock of the implementation status of the approved FBR reform plan and issue directions to facilitate the expeditious implementation of the reform agenda of FBR.

The Finance Division will provide secretarial support to the Committee and take further necessary action for notification of the subject committee accordingly.

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No economic emergency being imposed in Pakistan: Finance Division

economic emergency

Finance Division issued a rebuttal on fake message of economy emergency proposals It said there is no plan to impose an economic emergency in the country It urges people to not pay heed to malicious rumour mongering ISLAMABAD: The Ministry of Finance has rebutted a false message on supposed economic emergency proposals circulating on social … Read more

The Minister of State Pakistan was briefed on the UN Women’s 5-year plan

UN Women

Minister of State for Finance and Revenue Dr Aisha Ghous Pasha met a delegation of UN Women headed by Country Representative Ms Sharmeela Rasool at the Finance Division. It was shared that UN Women is working on multiple levels for promoting gender equality through women empowerment in Pakistan. Matters relating to the monetary strengthening of … Read more

Investment in registered prize bonds surge 140%

prize bonds

KARACHI: The investment in registered prize bonds has surged over 140 per cent by December 31, 2021; following the drive of documentation initiated by the government. According to the official data released by the Central Directorate of National Savings (CDNS), the investment in registered or premium prize bonds sharply increased to Rs54.92 billion by the … Read more

ECC approves cost sharing formula for imported urea

ECC

KARACHI: The Economic Coordination Committee (ECC) of the Cabinet approved the cost estimates for the import of urea on a cost sharing basis of 50:50 among the federal and provincial governments. Federal Minister for Finance and Revenue Shaukat Tarin presided over the meeting on Thursday, where the committee approved the cost estimates for import of … Read more

FBR massively cuts sales tax on petroleum products

fbr

KARACHI: The Federal Board of Revenue (FBR) on Thursday announced a massive cut in the sales tax rates on all petroleum products to lower the consumer price at retail outlets. The FBR issued SRO 183 (I)/2022 to make changes in the sales tax rates on the supply of petroleum products. Previously, the FBR issued SRO … Read more

PPMA seeks Tarin’s help to get sales tax refund

Pakistan becomes sugar surplus with production going up by 2 mln tons: Tarin

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a meeting with a delegation of the Pakistan Pharmaceuticals Association (PPMA) headed by its chairman Qazi M Manzoor at the Finance Division, a statement said. The PPMA chairman highlighted the problems being faced by the pharmaceutical manufacturers, especially issues related to the … Read more

Fertiliser sector urges govt to take action against hoarders, smugglers

Fertiliser

ISLAMABAD: The fertiliser sector has said that it is not responsible for the shortage in the country, as it had already sold 11 per cent more fertiliser, compared with the last year. To address the shortage of fertiliser, Adviser to the Prime Minister on Finance Shaukat Tarin and Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar held a meeting … Read more

Here’s why Basic Commodities are getting Expensive in Pakistan

Basic Commodities

Federal Minister for Finance and Revenue Shaukat Tarin led the meeting of the National Price Monitoring Committee (NPMC) at the Finance Division today to discuss the price of basic commodities. The NPMC studied the prices of the essential commodities especially wheat flour, sugar, edible oil/ghee, pulses and chicken during the last week. While briefing the … Read more