PakFiscal interpretation of Pakistan’s budgets, taxation, revenue, expenditure and fiscal transfers.
A September action plan targets a broader investor base, more predictable auctions and better trading. Its objectives extend beyond raising debt to improving how the domestic market works.
Pakistan is changing the way tax audits and assessments are conducted by creating a National Faceless Centre, a system designed to separate taxpayers from the officers handling their cases. The reform could significantly change one of the most sensitive parts of Pakistan's tax administration: direct interaction between taxpayers and tax officials. How the system will work Under the…
Pakistan has introduced a more formal method for taxing income earned through social media, giving the Federal Board of Revenue (FBR) a way to estimate a creator’s income rather than relying only on the amount they report. The new framework covers both resident and non-resident creators earning from interaction with users in Pakistan, although the rules differ between the two. How FBR can now…
A PKR 18.8tn spending plan can look expansive. Its composition tells a sterner story: old obligations are competing with new ambitions for the same rupee.
Interest payments have become the budget’s gravitational force. Everything else must negotiate around them.
Scale gives Punjab the biggest development allocation among the four annual provincial plans—but size is only the beginning of the argument.
The revenue plan leans heavily on taxation, while a sizeable non-tax component makes the total more exposed to one-off and administratively determined receipts.
Official provincial Federal-receipt controls and the Federal NFC control differ slightly. The honest response is to preserve the scopes, not manufacture agreement.
Net revenue receipts cover 63% of expenditure; borrowing, external receipts and privatisation proceeds complete the published resource framework.
