FBR Introduces Electronic Scrutiny of Sales Tax Returns
A new computerised procedure allows discrepancies in sales tax returns to be flagged through IRIS, giving registered taxpayers an opportunity to respond before formal proceedings.
Pakistan economy news, inflation, interest rates, taxation, energy and economic policy.
A new computerised procedure allows discrepancies in sales tax returns to be flagged through IRIS, giving registered taxpayers an opportunity to respond before formal proceedings.
Pakistan says the World Bank Group plans to mobilise up to $2 billion annually under its 2026-35 Country Partnership Framework, with private investment among the long-term priorities.
Finance Secretary Imdadullah Bosal has told a National Assembly committee that the IMF is seeking about 174 amendments to various laws under Pakistan's two ongoing programmes.
Pakistan's September RLNG prices have fallen sharply after lower LNG import costs, with SNGPL and SSGCL rates down by roughly 20% or more from August.
Petrol has been reduced to Rs390.12 per litre and high-speed diesel to Rs414.75 per litre, with the revised rates effective September 24.
An IMF mission has begun discussions with Pakistani authorities on the fourth EFF review, the RSF review and the Article IV consultation.
Pakistan received $1.703bn in foreign economic assistance during July-August FY27, up 23.61% from the same period last year as commercial borrowing resumed.
Pakistan's raw food exports rose 7.68% in the first two months of FY27, led by a 24.68% increase in the value of rice exports.
Petrol now costs Rs392.05 per litre and high-speed diesel Rs418.96 after the government announced fresh reductions effective September 23.
An IMF mission has begun talks with Pakistan on the fourth review of the $7bn Extended Fund Facility, alongside a climate facility review and Article IV consultation.
The Asian Development Bank expects Pakistan's economy to grow 3.7% in FY27 while inflation averages 8.3%, with higher energy costs and regional uncertainty weighing on the outlook.
Foreign investors placed about $275 million in Pakistani Treasury bills and Pakistan Investment Bonds between July 1 and September 11, according to State Bank data.
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