The Sub-Committee-IV of the Public Accounts Committee (PAC) met under the Convenorship of Dr. Tariq Fazal Chudhary, MNA at Parliament House, Islamabad today.
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The National Assembly Standing Committee on Power Division met under the Convenorship of Sheikh Aftab Ahmed, MNA at Parliament House today.
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The National Assembly Standing Committee on Federal Education and Professional Training met today under the Convenorship of Ms. Mahtab Akbar Rashdi, MNA at Parliament House, Islamabad.
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The Sub-Committee-I of the Public Accounts Committee (PAC) met today under the Convenorship of Ms. Shahida Begum, MNA at Parliament House, Islamabad.
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The Sub-Committee-V of the Public Accounts Committee (PAC) met under the Convenorship of Moin Aamer Pirzada, MNA at Parliament House, Islamabad today.
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The National Assembly Standing Committee on Commerce met under the Chairmanship of Muhammad Jawed Hanif Khan, MNA at Parliament House.
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Today's Meeting Schedule
The Meeting of the Standing Committee on Commerce will be held at 02:00 p.m. in the Committee Room No. 7 at Parliament House, Islamabad.
Meeting Notice⬇️
https://t.co/ZJZysh1Uj7
The National Assembly Standing Committee on Cabinet Secretariat met today under the Chairmanship of Mr. Ibrar Ahmed, MNA at Parliament House, Islamabad.
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Today's Meeting Schedule
The Meeting of the Standing Committee on Cabinet Secretariat will be held at 02:00 p.m. in the Constitution Room at Parliament House, Islamabad.
Meeting Notice⬇️
https://t.co/ZJZysh1Uj7
Today's Meeting Schedule
The Meeting of the Standing Committee on Commerce will be held at 02:00 p.m. in the Committee Room No. 7 at Parliament House, Islamabad.
Meeting Notice⬇️
https://t.co/ZJZysh1Uj7
Today's Meeting Schedule
The Meeting of the Standing Committee on Cabinet Secretariat will be held at 02:00 p.m. in the Constitution Room at Parliament House, Islamabad.
Meeting Notice⬇️
https://t.co/ZJZysh1Uj7
The meeting of the National Assembly Standing Committee on Foreign Affairs was held today at the Parliament House, under its Chairperson Ms. Hina Rabbani Khar, MNA.
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Today's Meeting Schedule
The Meeting of the Standing Committee on Foreign Affairs will be held at 03:00 p.m. in the Committee Room No. 2 at Parliament House, Islamabad.
Meeting Notice⬇️
https://t.co/vnQEFsjcGW
Today's Meeting Schedule
The Meeting of the Standing Committee on Foreign Affairs will be held at 03:00 p.m. in the Committee Room No. 2 at Parliament House, Islamabad.
Meeting Notice⬇️
https://t.co/vnQEFsjcGW
The Committee stressed the need to broaden the tax base through documentation, enforcement, and administrative reforms rather than repeated tax rate increases. Members called for stronger action against illicit trade, counterfeit markets, and undocumented economic activity. The Committee also highlighted the importance of increasing investment in renewable energy, climate resilience, and energy-efficiency initiatives.
The Committee further stressed that Budget FY2026–27 must move beyond short-term stabilization measures and instead serve as a platform for sustainable economic reform, fiscal transparency, improved governance, and inclusive growth.
The Committee also approved the minutes of its previous meeting held on 14 May 2026.
The meeting was attended by Ms. Shahida Begum, Dr. Mirza Ikhtiar Baig, Mr. Muhammad Javed Hanif Khan, Mr. Ali Zahid, Dr. Nafisa Shah, and Dr. Sharmila Faruqui, MNAs. Senior officers from the Finance and Revenue Divisions, along with independent economists, also attended the meeting.
Chairman Standing Committee on Finance and Revenue, Hon. Syed Naveed Qamar, observed that continued reliance on indirect taxation and petroleum levies instead of sustainable tax-base expansion remains a serious concern.
Syed Naveed Qamar also expressed concern over the growing burden of circular debt, the slow pace of reforms in state-owned enterprises, and the rising socioeconomic pressures caused by inflation, unemployment, and poverty.
The Chairman further noted the delay in the circulation of the Budget Strategy Paper and observed that the Ministry of Finance was legally bound under the Public Finance Management Act, 2019, to circulate the document in a timely manner to ensure meaningful parliamentary scrutiny ahead of the budget session.
He made these observations while chairing a meeting of the Standing Committee on Finance and Revenue held today at Parliament House, Islamabad. The meeting conducted a detailed review of Pakistan’s macroeconomic outlook and fiscal priorities for Budget FY2026–27, with particular focus on emerging economic risks, IMF programme performance, and structural reform requirements.
During the briefing, the Committee was informed that Pakistan remains on a “fragile stabilization path” despite signs of gradual economic recovery. GDP growth for FY2026–27 is projected between 3.5% and 4.5%, while inflation has once again entered double digits, reaching 10.9% year-on-year in April 2026.
Independent experts informed the Committee that Pakistan’s total foreign exchange reserves currently stand at $22.58 billion, providing approximately 2.58 months of import cover. The State Bank of Pakistan’s policy rate presently stands at 11.5%, following cumulative cuts of 1,200 basis points since June 2024. FBR tax collection in Q3 reached Rs9.304 trillion, reflecting a shortfall of Rs611 billion against targets. Pakistan’s gross public debt stands at Rs83.28 trillion, while external debt has reached $137.56 billion. Circular debt has climbed to nearly Rs5 trillion across the power and gas sectors. The trade deficit widened to $32.19 billion during July–April FY2025–26 due to weak export performance and rising imports. Meanwhile, remittance inflows remained strong at $33.86 billion during July 2025–April 2026, with projections for FY2026 estimated at $41.2 billion.
The presentation further highlighted that Pakistan sources nearly 90% of its energy imports from the Middle East, making the economy highly vulnerable to regional geopolitical instability and oil price shocks. The Committee was informed that any prolonged regional conflict could significantly increase inflation, widen the current account deficit, and place renewed pressure on the exchange rate.
The Hon. Chairman reiterated that the Federal Board of Revenue has consistently failed to meet collection targets despite repeated taxation measures imposed on existing taxpayers. He emphasized the urgent need for broadening the tax base through sustainable and equitable reforms instead of increasing the burden on already documented sectors of the economy.
Hon. Members of the Committee observed that provincial fiscal surpluses are disproportionately supporting federal IMF compliance targets. They further noted that development expenditure continues to remain compressed in favour of current expenditure and debt servicing, while Pakistan’s export sector continues to underperform compared to regional economies.
The Committee also emphasized that excessive taxation on digital connectivity and telecom services is restricting digital inclusion, freelancing opportunities, and broader economic participation, particularly among youth and low-income groups.
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Chairman of the Standing Committee on Finance and Revenue, Syed Naveed Qamar, MNA, chaired the meeting of the Standing Committee at the Parliament House, today.
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The Public Accounts Committee (PAC) met today under the Convenorship of Syed Naveed Qamar, MNA at Parliament House, Islamabad.
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A commemorative reflection on the 75th Anniversary of the establishment of diplomatic relations between Pakistan and China 🇵🇰🤝🇨🇳 — a journey defined by enduring brotherhood, historic milestones, and shared aspirations that continue to shape an unshakable All-Weather Strategic Cooperative Partnership.
The visuals present a powerful chronicle of parliamentary diplomacy, featuring key engagements of Honourable Speaker National Assembly of Pakistan, Sardar Ayaz Sadiq, across his previous two tenures and the current third tenure — highlighting high-level interactions, bilateral exchanges, and consistent efforts to further strengthen Pakistan-China relations through parliamentary cooperation and mutual trust.
Among the historic moments captured is the landmark visit of H.E. Xi Jinping to Pakistan in April 2015, during which he addressed the Parliament of Pakistan and jointly inaugurated the 1.2 MW solar project at the Parliament House — marking it as the world’s first “Solar Parliament” and a symbol of innovation and friendship.
From dialogue to development, from connectivity to cooperation, Pakistan and China continue to advance together with a shared vision for regional peace, progress, and prosperity.
This commemorative presentation stands as a tribute to a friendship rooted in trust, strengthened through time, and destined to grow even stronger in the years ahead.
Pakistan–China Friendship Zindabad 🇵🇰🤝🇨🇳
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