Finance Minister says new AI-led tax model to issue notices

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said on Tuesday that the current account performance remains strong due to record remittance flows. “We do expect our overall remittances for this year to close anywhere between $41 and $42 billion.” Addressing the second edition of Pakistan Banking Summit 2026 at a local hotel here, he said that the last fiscal year was closed on a strong note across all metrics, starting with the fiscal side: a primary surplus, an all-time low fiscal deficit, a debt-to-GDP ratio well below 70 percent, and GDP growth closing at 3.7 percent on the back of a strong rebound in LSM.