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
Bad News for Entertainment Industry: Advance Tax on Foreign TV Shows and Ads Abolished
The government has proposed withdrawing the advance tax currently imposed on payments made for foreign television plays and advertisements, according… Read More
No New Tax on Solar Panels: Chairman FBR
Federal Board of Revenue (FBR) Chairman said no new taxes had been imposed on solar panels in the federal budget… Read More
Govt Abolishes Development Surcharge on Exporters
The government in Friday’s Federal Budget 2026-27 launch abolished the 0.25 percent Export Development Surcharge levied on export income. Presenting… Read More
Govt to Revamp Pay Scales, Increase Allowances Along 7% Raise
The federal government has proposed a range of relief measures for civil servants, armed forces personnel, and pensioners in Budget… Read More
