The State Bank of Pakistan (SBP) has announced the advance schedule for its Monetary Policy Committee (MPC) meetings for the first half of 2025.
According to the timeline, four meetings are planned between January and June. The first is set for January 27, followed by March 10, May 5, and Read More...
the State Bank of Pakistan Governor Jameel Ahmad has provided a cautiously optimistic outlook on the country's economic recovery, highlighting progress in debt sustainability, inflation control and the balance of payments. Addressing a press briefing and an event hosted by the Federation of Read More...
The Federal Tax Ombudsman (FTO) has made history by achieving an impressive 95.6% resolution rate in 2024, after disposing of a record-breaking 12,914 complaints. Faiz Elahi Memon, Advisor Incharge FTO, shared this remarkable achievement at a press briefing in Karachi, alongside other advisors Read More...
The Federal Board of Revenue (FBR) has begun the process of drafting tax policies for the 2025-26 budget, inviting proposals from stakeholders to improve tax reforms and streamline procedures. The FBR has set January 31 as the deadline for receiving suggestions for the Finance Bill 2025, with an Read More...
Prime Minister Shehbaz Sharif on Wednesday stressed the need to boost tax revenues for strengthening Pakistan’s economy, which he says is on a path to sustained growth.
During a visit to the Pakistan Stock Exchange (PSX) in Karachi, he acknowledged the government’s efforts to meet tax Read More...
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The Free and Fair Election Network (FAFEN) has reported that most federal ministries and divisions fail to meet the disclosure standards set by the Right of Access to Information Act (RTI), 2017.
FAFEN warned that this gap encourages misinformation and disinformation, especially on social Read More...
The Federal Board of Revenue (FBR) has unveiled its annual report for fiscal year 2023-24, spotlighting Karachi as the top contributor to Pakistan’s tax revenues, according to Express News.
Karachi’s Large Tax Office (LTO) led with Rs2,522 billion in taxes, comprising Rs1,360 billion in Read More...
The State Bank of Pakistan (SBP) purchased over $9 billion from the local market in 2024 to stabilize foreign exchange reserves, marking a record intervention. This disclosure was made by Governor Jameel Ahmad during a Senate Standing Committee on Finance meeting, according to The Express Read More...
The private sector borrowed an unprecedented Rs1.9 trillion from banks during the first half of FY25, marking a staggering 265% increase compared to Rs521 billion in the same period last fiscal year, according to data released by the State Bank of Pakistan (SBP).
This sharp rise was Read More...
The Federal Tax Ombudsman’s office achieved a significant milestone in 2024 by resolving 2,442 complaints, more than double the 1,066 complaints addressed in 2023. This remarkable progress reflects the office’s unwavering commitment to resolving taxpayer grievances promptly and Read More...
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