The International Monetary Fund (IMF) has warned that Pakistan is losing Rs3.4 trillion annually due to tax evasion, corruption, and hidden incomes. The loss equals about 3.9% of the country’s GDP. The Fund called for urgent reforms to expand the tax base and improve accountability. The IMF highlighted severe weaknesses in Pakistan’s tax system, including […]
tax reforms
Pakistan’s economy on right track, says finance minister
ISLAMABAD – Federal Finance Minister Muhammad Aurangzeb on Monday said Pakistan’s economy is stabilizing and reforms across major sectors are paving the way for sustainable growth. He emphasized that global rating agencies have recognized the country’s economic stabilization, adding that IMF staff-level agreements validate this progress. Aurangzeb noted that policy rate reductions have positively impacted […]
PM Shehbaz credits FBR reforms for record rise in tax return filings
ISLAMABAD — Prime Minister Shehbaz Sharif on Saturday linked the filing of 892,419 new tax returns for tax year 2025 to growing public confidence in the government’s reform and digitisation agenda. His statement followed the Federal Board of Revenue’s (FBR) announcement that 5.912 million tax returns were filed for 2025 — up from 5.025 million […]
PM Shehbaz praises record tax filings as FBR revenue soars
Prime Minister Shehbaz Sharif praised Federal Board of Revenue (FBR) officials for a record 5.9 million tax returns filed in FY2025. He said that 900,000 new taxpayers joining the system show strong public trust in government policies. The PM thanked citizens for fulfilling their responsibility and noted that tax reforms are delivering positive results. Sharif […]
Pakistan establishes Tax Policy to strengthen fiscal framework
. ISLAMABAD – The federal government has launched a Tax Policy Office to modernize and streamline Pakistan’s tax framework. To aligning it with conditions set by the International Monetary Fund (IMF). The Finance Ministry confirmed the key appointments for the office have finalized. He also confirmed work will commence next week on tax policies for […]
World Bank Showcases Pakistan’s FBR as Global Model for Public Sector Reform
ISLAMABAD – The World Bank has invited Pakistan’s Federal Board of Revenue (FBR) to present its transformation journey as a global case study in public sector reform during the Annual Meetings held in Washington, D.C. Federal Finance Minister Muhammad Aurangzeb, FBR Chairman Rashid Mahmood Langrial, and other senior officials attended the event. The Finance Minister […]
Sugar mafia under fire as PM pushes tax reforms
ISLAMABAD: Prime Minister Shehbaz Sharif has taken an unusually bold step by confronting Pakistan’s powerful sugar lobby through strict tax enforcement. This move, though welcomed by many as long-overdue, has triggered a sharp rise in sugar prices nationwide — revealing a deeper power struggle between the state and entrenched market forces. Despite his own family’s […]
PM Shehbaz: Tax reforms to ease public burden
Prime Minister Shehbaz Sharif has reaffirmed that improving Pakistan’s tax system is essential to boosting national income and easing the tax burden on ordinary citizens. He made these remarks while chairing a review meeting on Federal Board of Revenue (FBR) reforms in Islamabad on Tuesday. The meeting was attended by key government officials, including Ministers […]
Pakistan, IMF to begin budget talks tomorrow: relief for salaried class on the table
ISLAMABAD – Pakistan and the International Monetary Fund (IMF) will begin crucial budget talks on Wednesday, May 14, focusing on tax reforms, revenue targets, and economic relief measures. The discussions are scheduled to continue until May 23. The talks come just days after the IMF approved a \$1 billion loan tranche for Pakistan and agreed […]
Tax reforms to ease pressure on common people: PM Shehbaz
Prime Minister Shehbaz Sharif has said that expanding the tax net and updating old tax laws will reduce the burden on the common man. He stated that the changes aim to remove hurdles in tax collection and make the system more fair and simple. The focus is to bring more people and sectors into the […]