Overview
- Finance Minister Muhammad Aurangzeb said macroeconomic stability has been achieved, citing an IMF staff-level agreement and upgrades from international rating agencies.
- FBR reported a 1.5 percentage-point rise in the tax-to-GDP ratio and an 18% increase in individual filers to 5.9 million, attributing gains to digitisation and tighter enforcement.
- Energy Minister Awais Leghari announced a Rs1.2 trillion debt agreement and a Rs700 billion cut in circular debt over one year, said the government will stop purchasing power, and flagged CTBCM market operations targeted for January–February with tariff relief including up to Rs16 per unit for industry.
- Privatisation officials said First Women Bank was sold for Rs5 billion, four consortiums are bidding for PIA with completion targeted by year-end, and initial DISCO transactions will start with IESCO, LESCO and FESCO.
- The government reported abolition of 54,000 vacant posts and plans to close loss-making PASSCO, while a National Data Exchange Layer pilot in December aims to expand the tax net and curb leakages.