The Federal Board of Revenue (FBR) has achieved its tax collection target for the 2025-26 fiscal year, collecting a gross revenue of Rs13.601 trillion by the end of June, according to official figures. Officials said the FBR disbursed Rs597 billion in tax refunds during the fiscal year, bringing net tax revenue to Rs13.003 trillion. The […]
FY2025–26
Pakistan’s Exports Decline, Trade Deficit Hits $9.4 Billion in Q1 FY2025–26
ISLAMABAD –Official data shows that Pakistan’s exports from 30 out of 71 key sectors fell during the first quarter of fiscal year 2025–26, contributing to slower export growth and an increasing trade deficit. According to the Pakistan Bureau of Statistics (PBS), the trade deficit surged to $9.4 billion between July and September. Exports declined by […]
Govt hikes SOE funding by 80% in FY26, pushes ahead with reforms and privatisation
The federal government has allocated Rs354.81 billion to State-Owned Enterprises (SOEs) for FY2025–26, reflecting an 80.3% increase from Rs196.83 billion last year. These funds, released under the Public Sector Development Programme (PSDP), will support key SOEs in infrastructure, transport, energy, and financial services—sectors critical to national development. Finance Minister Muhammad Aurangzeb, in his budget speech, […]
Federal cabinet approves Rs18 trillion budget for FY2025-26
ISLAMABAD: The federal cabinet, under the chairmanship of Prime Minister Shehbaz Sharif, has approved the Rs18 trillion federal budget for the fiscal year 2025-26. The approval came during a key cabinet meeting held in Islamabad. According to official sources, the cabinet also approved a 6% increase in salaries for government employees and a 7% hike […]
IMF team arrives in Pakistan to shape budget plans for FY2025–26
An International Monetary Fund (IMF) team will begin its visit to Pakistan on Friday to help prepare the federal budget for FY2025–26. The IMF delegation will meet with Pakistani officials to discuss tax measures, revenue strategies, and expenditure control. The team will also focus on the allocation for development spending in the upcoming budget. The […]