The federal government has withdrawn the 18 percent sales tax on Pakistan’s shipping industry in the Budget 2026-27 to cut… Read More
Textile Industry Seeks Final Tax Status for Exporters to End All Income Tax Liability
The Pakistan Textile Council (PTC) has welcomed the business-and export-oriented measures announced in the Finance Bill 2026–27. While supporting the… Read More
Banks to Send Customer Transaction Data to FBR to Detect Tax Evasion
The Federal Board of Revenue (FBR) has proposed a major digital surveillance mechanism to detect tax evasion through real-time integration… Read More
Ex-Minister Gohar Ejaz Wants Flat 5%, 10%, 20% Tax on Salaried Class in Budget
Former federal minister and founder of Lahore’s Lake City project Gohar Ejaz has urged the government to provide additional tax… Read More
Federal Budget FY2026-27 Advances Ministry of IT & Telecom’s Vision for a Digital Nation Pakistan
The Federal Government has unveiled a landmark budget for FY2026-27 that positions Pakistan for accelerated growth as an innovation-led and… Read More
Finance Minister Pushes Back Against Criticism of New Budget
Finance Minister Muhammad Aurangzeb on Saturday defended the federal budget for fiscal year 2026-27, saying the government had fully utilized… Read More
Federal Budget Increases HEC Development Spending but Freezes Recurring Grant
The federal government has allocated Rs112 billion for the Higher Education Commission (HEC) in the Budget 2026–27, increasing development spending… Read More
Token Tax Increased for Vehicles in Islamabad
Motor vehicle owners in the Islamabad Capital Territory (ICT) could face higher token taxes under the Finance Bill 2026-27, which… Read More
Govt Slaps Rs. 50,000 Fine on AOPs, Rs. 100,000 on Companies for Late Returns
The federal government has proposed a substantial increase in the fee that Associations of Persons (AOPs) must pay to restore… Read More
Govt Increases Late Tax Returns Filing Fee From Rs. 1,000 to Rs. 25,000
The federal government has proposed a sharp increase in the fee required to restore taxpayer status on the Federal Board… Read More
100% Higher Minimum Tax Imposed on Distributors of Mobile Phones, Food, Electronics
The Federal Board of Revenue (FBR) has proposed a revised minimum tax regime for wholesalers, distributors, dealers and sub-dealers of… Read More
Sports Drinks to Get Cheaper After New Budget
The government has proposed abolishing the Federal Excise Duty (FED) on sports and electrolyte replenishing beverages that meet World Health… Read More
