- The fine government that reduces the fiscal objective of FBR to RS13.7tr of RS14.13 Tr.
- Reduction of the fiscal objective by RS300-500BN for fiscal year 26 possible.
- Impose floods to be imposing in high -level network sectors, individuals.
Islamabad: After losing the deadline to privatize the international airlines of Pakistan (PIA), the Government is preparing different scenarios to review the tax collection objective of the Federal Income Office (FBR) in the RS300 billion range to RS500 billion for the current fiscal year, The news reported on Thursday.
On the one hand, there is the possibility of reducing the annual tax collection objective of RS14.13 billion to RS13.7 billion or RS13.9 billion, taking into account the possible review in the macroeconomic framework.
There is another proposal on cards due to a flood impulse to generate resources for the use of funds in rehabilitation and reconstruction efforts.
The government is finishing the exact details of the proposed tax, which is expected to be imposed on the high -level sectors and individuals.
According to initial estimates prepared for flood damage, the main crops of the country, such as rice, sugar and cotton, in front of 15%, 5.7%and 10%, respectively, are expected to be expected.
Cattle has also faced losses. This will result in a review of the real GDP growth of 4.2% to around 3%. IPC-based inflation is also expected to increase the 5-7% to 8% range.
When contacted, a senior official said that FBR income could face income losses in the first period (July-December) for the sum of RS300 billion. The losses incurred by the agricultural sector could erode the purchasing power of the agricultural sector, so there are estimates of damaging the collection of sales tax.
But independent tax experts fear that income losses can go to RS500 billion for the current fiscal year.
FBR high-ups argued that income losses would begin to recover in the second period (January-June) because the remaining crops, such as wheat, could achieve better yields.
In the Privatization Front, the Government has lost the deadline to privatize PIA transaction in August 2025.
The privatization of the First Women’s Bank and HBFC transactions for May 2025.
A financial advisor for the privatization of three batches distribution companies (IESCO, FESCO, GEPCO), and the due diligence of the side of the sale is currently currently current, with tender directed to December 2025.
The Government is now pointing to a third bank, ZTBL, for privatization at the end of this year, and aims to initiate the process to hire a financial advisor for the privatization of discos in lots II (Hesco, Sepco, Pesco) at the end of April 2025, but this could not be achieved.
The Government wants to move towards the privatization of Genco, with an offer for Nandipur directed to January 2026. The transaction structure for the Roosevelt hotel is still underway.
The Government aims to continue prioritizing the privatization of state -owned commercial companies (SOES), with the highest priority in profitable commercial companies and supported by the completion of the classification of privatization of the SOE, to reduce the government’s commercial footprint and attract investments that can contribute to the development of Pakistan.
These efforts must be supported by fundamental structural reforms to restore the electrical sector to viability.
The key measures include continuous progress in the privatization of the disco and/or movements towards private concessions to improve the performance and services of the disk; sustained efforts to change the power captive to the electricity grid; Complete the restructuring of the national transmission dispatch company to improve efficiencies; privatization of inefficient public generation companies; and making greater gradual progress towards a competitive electricity market.
Pakistani authorities have promised to ensure that the implementation of these reforms puts the flow of any new circular debt (CD) to zero by FY31 (when the operation of previous actions ends) no later than.
