Finance Minister Muhammad Aurangzeb announced at a Karachi banking summit that Pakistan is adopting an AI-led tax administration model to minimize human intervention between taxpayers and the government.The new system, approved by parliament, will issue notices through automated processes, aiming to streamline tax collection.

While emphasizing economic optimism, Aurangzeb highlighted preparations for launching dollar-settled rupee-linked bonds and Eurobonds in the international market, noting strong investor demand that could expand bond issuance to $750 million.He also praised increased credit lending to SMEs, agriculture, and IT sectors, while acknowledging challenges in stabilizing the economy.

Zafar Masood, chairman of the Pakistan Banks Association, reported significant growth in agricultural and housing loans, underscoring the banking sector's pivotal role in national development.