Pakistan’s salaried employees paid a record Rs633 billion in income tax during the 2025-26 fiscal year, surpassing the combined contributions of the exporters, retail, and real estate sectors. According to provisional figures from the Federal Board of Revenue (FBR), tax payments from salaried individuals increased significantly from Rs585 billion collected during the previous fiscal year, […]
fiscal year
Pakistan’s power capacity hits 46,605MW amid falling demand
ISLAMABAD – Pakistan’s electricity capacity has reached 46,605 megawatts (MW), but falling power usage is driving up idle costs. According to the Economic Survey 2024–25, capacity rose by 1.6% this fiscal year. The boost came mainly from net metering, which added 2,813 MW. However, this increase has raised capacity payments to between Rs2.5 and Rs2.8 […]
FBR misses tax target by Rs833 billion as government spending surges
The Federal Board of Revenue (FBR) has fallen short of its tax target by Rs833 billion in the first ten months of the fiscal year. This shortfall comes despite record tax hikes, reduced refunds, and an increase in collections by Rs1.95 trillion compared to last year. The April shortfall alone was Rs139 billion, exceeding the […]
FDI inflows down 1.6pc in 10 months
investment howing a negative growth of 1.6pc. On year-on-year basis, the FDI rose to $170.6m in April 2022 against $169.0m recorded during the same month of the preceding year, according to the data released by State Bank of Pakistan (SBP) on Friday. The country wise data shows that China remained the top country posting $355.8m […]
Pakistan’s exports to Canada touch $253.9 million in last 10 months
ISLAMABAD: Pakistan’s exports to Canada have reached a high of $253.9 million during the last 10 months of the current Fiscal Year (FY) in different sectors. In terms of volume, Pakistan’s exports to Canada during the period from July 2020 to April 2021 increased from $231.2 million to $253.9 million as compared to the corresponding […]
Despite Covid, PTI govt handling economy well, says Farrukh
Faisalabad: Minister of State for Information and Broadcasting Farrukh Habib has said that under the leadership of Prime Minister Imran Khan, the country’s economy has grown and the total volume of exports will reach $26 billion by the end of this financial year. IT exports accounted for 44%, with foreign exchange reaching $24 billion in […]
ESP and budget analysis – where is the economy headed?
Amidst the chaotic and raucous demonstrations by the opposition on Friday, the economic advisor to the Prime Minister, Dr Miftah Ismail, announced the budget for the upcoming fiscal year of 2018-19. While the opposition argued that the government did not have the mandate to announce the budget of the entire fiscal year, considering elections are […]