Pakistan's economic performance is improving due to reforms and policies, says Finance Minister. S&P Global praises fiscal discipline and debt sustainability.
Shahid Khaqan Abbasi blames government policies, not IMF, for Pakistan's economic woes, urging national consensus and political stability for investment.
FBR sets a new tax target of 15.264 trillion U.S. dollars for the next fiscal year, marking a 2.281 trillion U.S. dollars increase over the current year's revised target.
The government reduces tax on international card transactions to 0.5%. Budget set at 18,771 bn rupees with significant allocations for defense and development.
The government announces tax relief for the salaried class, reducing rates across various income brackets. The federal budget is set at 18,771 billion rupees.
Provinces agree to cover federal fiscal deficit, offering up to 1,700 billion rupees. Punjab pledges over 500 billion rupees. Budget delay due to elections, leadership unavailability.
Pakistan's government failed to meet fiscal year 2025-26 economic targets, with growth at 3.7% against a 4.2% goal. Remittances increased, but exports fell short.
Finance Minister Aurangzeb says Iran-US tensions will affect economy till next year, subsidies targeted to specific groups. Economic survey to reveal key facts.