Overview
- Finance Minister Muhammad Aurangzeb said macroeconomic stability is in place, citing a recent IMF staff‑level agreement and confirmation from global rating agencies.
- FBR chief Rashid Langrial reported a 1.5 percentage‑point rise in the tax‑to‑GDP ratio and an 18% increase in individual filers to 5.9 million, with an aim to reach 18% tax‑to‑GDP without immediate new taxes.
- Energy Minister Awais Leghari said circular debt fell by Rs700 billion in a year and a Rs1,200 billion loan was concluded to further reduce it, alongside electricity tariff cuts of up to 10.5% over 18 months.
- Leghari outlined plans to stop government electricity purchases and to shift the entire grid to automated prepaid metering within three years.
- Privatisation adviser Muhammad Ali said four consortiums are in the PIA process with efforts to finish this year, DISCO sales will start with IESCO, LESCO and FESCO, and First Women Bank was sold for Rs5 billion, as right‑sizing moves abolished 54,000 vacant posts and the government plans to close PASSCO.