ISLAMABAD: President Asif Ali Zardari has approved a series of key bills and summaries, including legislation aimed at strengthening Pakistan’s export financing, tax administration, and the recovery of financial assets.
According to an official statement issued on Tuesday, the President approved the Export-Import Bank of Pakistan (Amendment) Bill, 2026, the Financial Institutions (Recovery of Finances) (Amendment) Bill, 2026, and the Federal Board of Revenue (Amendment) Bill, 2026.
The measures cover three important areas of the economy: export financing, financial-sector recovery mechanisms and revenue administration. The legislative changes are aimed at strengthening the institutional and regulatory framework governing these areas and supporting greater efficiency in financial and economic management.
The Export-Import Bank of Pakistan (Amendment) Bill, 2026 relates to the country’s export financing framework, an area of growing importance as Pakistan seeks to expand its export base, improve access to international markets and strengthen the competitiveness of domestic businesses.
The Financial Institutions (Recovery of Finances) (Amendment) Bill, 2026 concerns the legal framework governing the recovery of finances by financial institutions, while the Federal Board of Revenue (Amendment) Bill, 2026 relates to the country’s tax administration and revenue collection framework.
The approvals come as the government continues efforts to improve economic governance, strengthen revenue mobilisation and create a more supportive environment for investment, trade and private-sector activity.
Meanwhile, President Zardari approved the conferment of a Pakistan Civil Award on Syed Ali Mahmood, recognising his services to the country.
The President also approved the ratification of the Makkah Al-Mukarramah Convention on Cooperation in the Enforcement of Anti-Corruption Laws among Member States of the Organisation of Islamic Cooperation (OIC).
The convention provides a framework for cooperation among OIC member states in strengthening efforts to enforce anti-corruption laws and combat corruption through greater coordination and mutual assistance.
Copyright Business Recorder, 2026
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