Pakistan economic reforms lift tax, digital payments
MG News | June 08, 2026 at 06:00 PM GMT+05:00
June 08, 2026
(MLN): Pakistan has
implemented sweeping economic reforms since 2024 to modernize its tax system,
expand digital payments, and streamline trade, with tax collection growing 26%
during fiscal year 2025.
The reforms
brought over 34,000 taxpayers onto the online billing system and deployed
43,000 digital billing machines to improve compliance.
Artificial
intelligence was integrated to detect tax evasion, resulting in the recovery of
billions of rupees from key industrial sectors, according to Radio Pakistan.
Under the
Digital Pakistan initiative, RAAST expanded its digital payments network to 50
million additional individuals and 1.1 million businesses, bringing its total
user base to 130 million.
Online payment
facilities were also extended across public institutions, including NADRA,
easing fee submissions and other transactions for citizens.
On the trade
front, the government launched its first major tariff overhaul under the
National Tariff Policy 2025-30, aimed at creating a more business-friendly
environment and boosting trade activity.
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